PG&E Looking to LNG to Help Meet California Gas Demand
Posted on Oct 12, 2007 in Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on PG&E Looking to LNG to Help Meet California Gas Demand
According to Platts LNG Daily [subscription required], Pacific Gas & Electric is entering into regional alliances to ensure future gas supply for California. Among those alliances, PG&E has positioned itself to receive gas from the planned Connector Gas Pipeline designed to deliver gas from the proposed Jordan Cove LNG terminal in Coos Bay,...
Canadian NEB Predicts Fall in Conventional Gas Supplies But LNG Can Help Make Up the Difference
Posted on Oct 11, 2007 in Canada & Mexico, Markets and Competition | Comments Off on Canadian NEB Predicts Fall in Conventional Gas Supplies But LNG Can Help Make Up the Difference
Canada’s National Energy Board released a report Wednesday predicting that though conventional gas source may begin to decline, different gas sources, including LNG imports, will make up the difference. The Associated Press (carried via Energy Central Professional [subscription required]) provides further...
NATS Predicts 2007 U.S. LNG Imports Less than Expected
Posted on Oct 11, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS Predicts 2007 U.S. LNG Imports Less than Expected
NATS reports that a steep drop in LNG activity and the negative price incentives embedded in the futures curves at present will likely prevent U.S. LNG imports from reaching the previously anticipated level of around 900 Bcf in 2007. Instead, NATS reports the use of LNG is likely to fall into the range of 750-800 Bcf, which would still make a record year for U.S. LNG imports. NATS...
Oregon Congressman Presses for Study on Need for LNG
Posted on Oct 11, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Oregon Congressman Presses for Study on Need for LNG
Rep. David Wu (D-Ore.) is pressing the Oregon Department of Energy to study Oregon’s future gas demands and whether or not the state will require LNG imports. According to the Longview Daily News (Washington), Rep. Wu says that the study is necessary to understand the terminal’s effect on “Oregon’s energy...
EIA Expects LNG Imports to the United States to Continue Upward Trend
Posted on Oct 10, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on EIA Expects LNG Imports to the United States to Continue Upward Trend
Despite slowing LNG imports during the past two months, the U.S. Energy Information Administration (EIA) expects the LNG import sector to continue its upward trend over the rest of 2007 and 2008. In its Short-Term Energy and Winter Fuels Outlook, EIA predicts year-on-year growth of 44.5 % for LNG imports in 2007 and 19.7% for 2008. Platts LNG Daily [subscription required] provides...
Sempra CFO Predicts Slowing of LNG Terminal Construction in United States
Posted on Oct 8, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Sempra CFO Predicts Slowing of LNG Terminal Construction in United States
Sempra CFO Mark Snell told Reuters that he does not foresee any new LNG import terminals being built in the United States, except those currently under construction, until 2015. Citing constraints in liquefaction capacity, Snell predicted, “[t]he next wave will probably be an expansion of existing facilities before we bring on new...