Scientists: LNG Carbon Emissions Could Exceed Emissions from Advanced Coal Plants
Posted on Aug 24, 2007 in Environmental, Markets and Competition, Technology | Comments Off on Scientists: LNG Carbon Emissions Could Exceed Emissions from Advanced Coal Plants
Researchers with Carnegie Mellon University will release an article in Environmental Science and Technology next week calculating that the total lifecycle greenhouse gas emissions from an LNG-fired power plant could exceed the emissions from an advanced coal power plant by up to 35%. One of the report’s authors said that investment in LNG infrastructure may keep gas prices low, ...
Union Official: Make Trinidadian Gas Audit Report Public
Posted on Aug 24, 2007 in E&P, Markets and Competition | Comments Off on Union Official: Make Trinidadian Gas Audit Report Public
Errol Mc Leod, president general of the Oilfields Workers’ Trade Union, has called on the government of Trinidad and Tobago to release publicly a natural gas market audit, which he believes has concluded that the Caribbean nation may only have approximately 12 years of gas reserves remaining. Mc Leod underscored the importance of determining reserve levels, due to the...
Gazprom May Acquire Stake in Atlantic LNG from BP
Posted on Aug 23, 2007 in Liquefaction, Markets and Competition | Comments Off on Gazprom May Acquire Stake in Atlantic LNG from BP
The Times (London) reports that BP may have offered a stake in the Atlantic LNG liquefaction facility in Trinidad and Tobago to Gazprom. Atlantic LNG sends 75%, or approximately 1 Bcf, of its daily output to the United...
New York Regulators Approve KeySpan – National Grid Merger
Posted on Aug 23, 2007 in Markets and Competition | Comments Off on New York Regulators Approve KeySpan – National Grid Merger
The Associated Press (carried via Forbes.com) reports that the New York Public Service Commission has approved UK-based National Grid PLC’s bid to acquire KeySpan Corp. for $7.3 billion. The Commission estimates that savings for New York gas consumers as a result of the merger may reach $700 million over the next...
Business Group Tells FERC that LNG Projects Necessary for Economic Development in the U.S. Northeast
Posted on Aug 22, 2007 in Federal Regulation, Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Business Group Tells FERC that LNG Projects Necessary for Economic Development in the U.S. Northeast
Citing the recent closing of Quaker Fabrics in Fall River, Mass., the Massachusetts Chemistry & Technology Alliance (MCTA) filed comments with FERC claiming that the Weaver’s Cove LNG terminal proposal should be approved to alleviate the high energy costs facing businesses in the region. MCTA claims that Massachusetts policy makers have so far “failed to promote...
Statoil Receives First Gas Supplies from Snohvit Field
Posted on Aug 22, 2007 in E&P, Liquefaction, Markets and Competition | Comments Off on Statoil Receives First Gas Supplies from Snohvit Field
Norwegian energy firm Statoil announced yesterday that its Hammerfest LNG export facility in northern Norway has received its first volumes from the Snohvit gas field and that it expects to begin production of LNG over the next three to four weeks. Much of the natural gas from Snohvit will be shipped to the United States, though plans for the terminal’s first shipment of LNG are...