Nevada May Seek Gas Supplies from LNG Projects
Posted on Aug 31, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Nevada May Seek Gas Supplies from LNG Projects
Platts LNG Daily [subscription required] reports that, in recent years, Nevada has seen a significant rise in natural gas consumption, prompting Nevada’s Public Utilities Commission (PUC) Chairperson to propose a summit on the issue with gas utility officials, the PUC, and its staff. According to the Las Vegas Review-Journal, Nevada energy officials may seek gas supplies from LNG...
Report: U.S. LNG Imports Could Be Down 22% in September
Posted on Aug 30, 2007 in Markets and Competition | Comments Off on Report: U.S. LNG Imports Could Be Down 22% in September
Reuters (available via LexisNexis) reports that Waterborne Energy, a Houston-based consulting firm, predicts that LNG imports to the United States will be approximately 63 Bcf, down 22% from August’s import volumes. Steve Johnson, an analyst with Waterborne, said, “Overall, it’s the beginning of the winter [natural gas storage] build in Asia, and that’s being...
Conoco CEO Cautions Against Counting on LNG Imports to Offset Declining North American Gas Production
Posted on Aug 29, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Conoco CEO Cautions Against Counting on LNG Imports to Offset Declining North American Gas Production
Speaking to World Gas Intelligence, ConocoPhillips chairman and chief executive Jim Mulva cautions industry analysts against counting on LNG imports to offset declining North American natural gas production. Mulva cites available LNG volumes and project delays as difficulties bringing LNG projects online and notes that although Conoco owns 1 Bcf/d of capacity at the Freeport LNG...
Consultant’s Natural Gas Supply Report Not Favorable for Trinidad
Posted on Aug 29, 2007 in Liquefaction, Markets and Competition | Comments Off on Consultant’s Natural Gas Supply Report Not Favorable for Trinidad
Though it has not been publicly released by the government, a gas supply audit prepared for the government of Trinidad & Tobago is rumored to predict that gas production will peak in approximately nine years and begin to decline in the years following. One source with Atlantic LNG told World Gas Intelligence that the problem may stem from the government’s incentive program,...
Op-Ed: California Lt. Governor Only Sees Limited Role for LNG in State’s Energy Portfolio
Posted on Aug 27, 2007 in Environmental, Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed: California Lt. Governor Only Sees Limited Role for LNG in State’s Energy Portfolio
A column in the Ventura County Star reviews Lt. Gov. John Garamendi’s (D) continued opposition to LNG playing a major role in California’s energy future. Last week Garamendi predicted that the state’s recent approval of the North Baja gas line from Sempra Energy’s Costa Azul LNG terminal in Mexico to the California market would eliminate the need for any...
August LNG Imports to the U.S. Market Fall from July
Posted on Aug 24, 2007 in Markets and Competition | Comments Off on August LNG Imports to the U.S. Market Fall from July
Platts LNG Daily calculates that LNG import volumes will total 64.09 Bcf for the month of August, 29% lower than in July. According to Platts, this decline in import volumes coincides with the rise of gas prices in Europe and large increase in LNG demand in Asia. NATS LNG Week in Review predicts that regasification volumes will remain relatively low for the balance of August but pick...