Analysis: Gas Prices Are Only One Factor Affecting LNG Cargo Destinations
Posted on Oct 1, 2007 in Markets and Competition | Comments Off on Analysis: Gas Prices Are Only One Factor Affecting LNG Cargo Destinations
Analysts with Barclays Capital released a report Friday that concludes that U.S. gas prices are not the sole factor determining the final delivery destinations for LNG cargos. The report also cites factors such as spot cargo availability, relative attractiveness of the U.S. market, flexibility of LNG delivery contracts, and compatibility between available LNG vessels and facilities at...
Report: U.S. LNG Regas Volume Falls to Lowest Level Since February
Posted on Oct 1, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Report: U.S. LNG Regas Volume Falls to Lowest Level Since February
Pan EurAsian Enterprises released a report today that analyzes trends in LNG imports to the United States since the beginning of 2007. Although LNG imports declined in September and are expected to remain weak for the balance of 2007, the year’s LNG imports through the month of September have already surpassed the previous annual import record, set in 2004. [Subscription...
Shell Business Unit Sees Opportunities and Challenges in Global LNG Market
Posted on Oct 1, 2007 in Markets and Competition | Comments Off on Shell Business Unit Sees Opportunities and Challenges in Global LNG Market
Speaking last week at an energy forum hosted by Rice University in Houston, Shell Global Solutions (USA) President Paul Hamilton stated that Shell hopes to double its LNG capacity by 2010. Hamilton went on to note that expanding operations in Russia and Nigeria are both potentially rewarding and challenging. Read more in Natural Gas Week. [Subscription...
TransCanada Proposes Expansion of Gas Storage in Michigan
Posted on Sep 28, 2007 in Markets and Competition, Storage | Comments Off on TransCanada Proposes Expansion of Gas Storage in Michigan
Bloomberg reports that TransCanada Corp. has announced that it is considering expanding its natural gas storage facilities in Michigan in order to capitalize on the rising demand for gas in the Midwest. A TransCanada vice president told the publication that increasing LNG imports also contribute to the need for storage. He said, “That supply is likely not to be arriving in a...
Snohvit LNG Cargo Destined for Cove Point LNG Terminal
Posted on Sep 27, 2007 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Snohvit LNG Cargo Destined for Cove Point LNG Terminal
Statoil’s manager of marketing and infrastructure, Ian Lawrie, told World Gas Intelligence that an LNG cargo produced from the Snohvit liquefaction facility in Norway will be delivered to the Cove Point LNG terminal in Maryland. Citing “security reasons,” Lawrie declined to name the exact date of the cargo’s arrival, saying that the delivery would take place...
Winter Weather Could Affect LNG Imports to United States
Posted on Sep 26, 2007 in Markets and Competition | Comments Off on Winter Weather Could Affect LNG Imports to United States
A private meteorology firm, WSI, told Platts LNG Daily that it expects most regions of the United States to experience warmer-than-usual temperatures over the next three months, though much of the country will likely start to experience below normal temperatures by year’s end. Energy Security Analysis Inc., in a market commentary released with the weather forecast, predicted that...