Canadian Gas Exports Decline as LNG Imports to the United States Soar
Posted on Oct 16, 2007 in Canada & Mexico, Markets and Competition | Comments Off on Canadian Gas Exports Decline as LNG Imports to the United States Soar
Calling this year’s surge in U.S. LNG imports a temporary phenomenon, Greg Stringham of the Canadian Association of Petroleum Producers told the Globe and Mail, “This is the first inkling we’ve seen of international competition in natural gas coming in and filling up [U.S.] storage and backing Canadian gas into storage here, and causing the depressed prices to be in...
NATS: Gas Prices Prompt LNG Shippers to Send Cargos to Europe
Posted on Oct 16, 2007 in Markets and Competition | Comments Off on NATS: Gas Prices Prompt LNG Shippers to Send Cargos to Europe
In its LNG Week in Review, NATS reports that declining natural gas prices in the United States and increasing prices in Europe have prompted LNG shippers to send more cargos to European destinations. NATS predicts that the trend will reverse in the spring and summer of 2008. [Subscription...
Analysis: Is the West Coast Ready for LNG?
Posted on Oct 15, 2007 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Analysis: Is the West Coast Ready for LNG?
Business News Americas analyzes the conditions and challenges facing LNG project developers in siting an LNG regasification terminal on the Pacific Coast in North America. The analysis cites the head of Global Gas Consultancy & Market Dynamics for PFC Energy, Gary Howorth, as saying that West Coast LNG projects must present clear advantages over projects proposed for the coast of...
High Gas Costs Could Stall LNG Project Proposed for Alaska
Posted on Oct 15, 2007 in Liquefaction, Markets and Competition, State and Local Issues | Comments Off on High Gas Costs Could Stall LNG Project Proposed for Alaska
Fairbanks Natural Gas, a firm that has proposed to transport LNG from Port MacKenzie, Alaska, to Fairbanks via tanker trucks, told the Alaska Journal that the current structure of pegging wellhead gas prices to oil prices, in addition to the state’s Petroleum Production Tax (PPT), would make the project economically unviable. The company is asking state officials to implement an...
Op-Ed: Clearwater Port LNG Proposal Will Meet Growing Energy Needs
Posted on Oct 15, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed: Clearwater Port LNG Proposal Will Meet Growing Energy Needs
In an op-ed published by the Ventura County Star, a Ventura councilman expressed his support for the Clearwater Port LNG regasification project proposed for offshore Southern California. Councilman Jim Monahan cites the region’s need for “clean, affordable, and reliable energy” and the project’s innovative...
Energy Officials Predict Need for LNG in Pacific Northwest
Posted on Oct 12, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Energy Officials Predict Need for LNG in Pacific Northwest
The Olympian reports that utility officials told the state Utilities Commission in Olympia, Wash., that natural gas supply was good heading into the winter, but that LNG will be needed in the future. The executive director of the Northwest Gas Association, Dan Kirshner, predicts the region will likely need to receive LNG imports in the future to meet rising demand between...