Mexican Authorities Approve Repsol’s Bid to Supply LNG to Manzanillo Project
Posted on Sep 19, 2007 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Mexican Authorities Approve Repsol’s Bid to Supply LNG to Manzanillo Project
Dow Jones (carried via Energy Central Professional [subscription required]) reports that Mexico’s Comision Federal de Electricidad has approved Repsol YPF’s bid to supply LNG to the Manzanillo regasification terminal proposed for the Pacific coast of...
NATS: Both Atlantic Basin LNG Markets “Nervous”
Posted on Sep 19, 2007 in Markets and Competition | Comments Off on NATS: Both Atlantic Basin LNG Markets “Nervous”
NATS reports that markets in the Atlantic Basin, particularly the United States and Europe, are “very nervous,” citing the high price of oil, and recent experiences demonstrating that gas supplies are subject to a “delicate balance” of other external factors. [Subscription...
Analysts Issue 2008 Gas Price Forecasts
Posted on Sep 18, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Analysts Issue 2008 Gas Price Forecasts
Platts LNG Daily reports that a Raymond James and Associates analyst has lowered his 2008 U.S. gas price projection by $3/Mcf, while raising his projection for the fourth quarter of 2007 by $1/Mcf. The analyst based his downward revision for 2008 in part on expected above average gas storage volumes and a large increase in LNG imports through the summer of 2008. Separately, Platts also...
Jamaica to Renew Negotiations for Trinidadian LNG
Posted on Sep 18, 2007 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Jamaica to Renew Negotiations for Trinidadian LNG
In an interview with the Trinidad Express, newly-elected Jamaican Prime Minister Bruce Golding said that he hopes to renew negotiations with Trinidad and Tobago for LNG supply. Jamaica previously signed an agreement to import 160 Mmcf/d of LNG from Venezuela when negotiations with Trinidad stalled in March...
Excelerate, Suez Energy On Board with Newfoundland LNG Storage Project
Posted on Sep 17, 2007 in Canada & Mexico, Markets and Competition, Storage | Comments Off on Excelerate, Suez Energy On Board with Newfoundland LNG Storage Project
The Packet (Newfoundland) reports that Excelerate Energy and Suez Energy have agreed to store some of their LNG supplies at the proposed Newfoundland LNG facility at Grassy Point in Newfoundland, Canada. Excelerate’s VP of Operations explained, “although the Newfoundland project is about two days sailing from our Northeast Gateway port facility, and six days from our Gulf...
Jamaican Official Calls for Clearer Energy Policy
Posted on Sep 14, 2007 in Markets and Competition | Comments Off on Jamaican Official Calls for Clearer Energy Policy
J Paul Morgan, director general of the Office of Utilities Regulation, called on the new Jamaican Government to articulate a clearer energy policy, particularly regarding LNG. Speaking at a luncheon this week, Morgan said, “There is no question that LNG at the right price, delivered at the right time is the choice for Jamaica.” The Jamaica Observer provides further...