El Paso Negotiating Supply Agreements for Sonora Pacific LNG
Posted on Oct 5, 2007 in Canada & Mexico, Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on El Paso Negotiating Supply Agreements for Sonora Pacific LNG
Dow Jones News Service (carried via CNNMoney.com) reports that El Paso Corp. is negotiating supply agreements for the Sonora Pacific LNG import terminal, proposed to supply natural gas to the Mexican market. El Paso secured environmental permits for the terminal in late 2006, but no timeframe has been announced for the start of...
Occidental Announces Supply Agreement for Ingleside LNG
Posted on Oct 5, 2007 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Occidental Announces Supply Agreement for Ingleside LNG
Occidental Petroleum announced yesterday that 15% of LNG supplies for the Ingleside LNG terminal planned for Ingleside, Tex., would come from Nigeria. A vice president for Occidental went on to say that negotiations are underway to secure further suppliers, including Algeria’s Sonatrach, and that construction on the terminal will likely begin in early 2008. Dow Jones News Service...
Shell Contemplating Expansion of Mexican LNG Terminal
Posted on Oct 5, 2007 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Shell Contemplating Expansion of Mexican LNG Terminal
Dow Jones News Service (carried via Energy Central Professional [subscription required]) reports that Royal Dutch Shell PLC is contemplating expanding its Altmira LNG import terminal, should Mexican demand rise and if LNG supplies are available. The head of Shell’s Mexican operations said that an expansion could take place within the next five years, depending on market...
September LNG Imports to United States Up Over September ’06
Posted on Oct 4, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on September LNG Imports to United States Up Over September ’06
An analysis released by Platts LNG Daily concludes that LNG imports to the United States in the month of September totaled 46.54 Bcf, a 7% increase over last September. Platts further reports that 16 LNG cargos arrived in the United States last month, compared to 15 shipments last September. [Subscription...
TAQA CEO: Company Hopes to Enter North American Energy Market
Posted on Oct 3, 2007 in Canada & Mexico, Markets and Competition | Comments Off on TAQA CEO: Company Hopes to Enter North American Energy Market
In an interview with Platts LNG Daily, Peter Baker-Homek, chief executive of TAQA, said that his company is looking to enter the North American energy market as part of a rapid growth strategy. TAQA, an energy investment company in which the government of Abu Dhabi is the majority shareholder, recently purchased the Canadian firm PrimeWest Energy Trust. [Subscription...
Report: U.S. LNG Imports in Decline
Posted on Oct 2, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Report: U.S. LNG Imports in Decline
Reuters offers coverage of a report by the consulting firm Waterborne Energy that states that U.S. LNG imports declined dramatically in September (45 Bcf) from the previous month (89 Bcf). Waterborne predicts that approximately 45 Bcf of LNG will be imported into the United States in October, but cautioned that import volumes could decline further if demand in Europe and Asia...