Following Leadership Change, Excelerate Expects No Change in Plans
Posted on Aug 21, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Following Leadership Change, Excelerate Expects No Change in Plans
Following the departure of its CEO to Royal Dutch Shell, Excelerate Energy says that the leadership change is “not going to change much at all.” According to a statement released by Excelerate, the new chief executive, Robert Bryngelson, has been instrumental in developing the company’s two deep water ports. The Gloucester Daily Times offers further...
California Energy Commission Predicts Modest Growth for LNG in North America Over Next Decade
Posted on Aug 20, 2007 in Markets and Competition, State and Local Issues | Comments Off on California Energy Commission Predicts Modest Growth for LNG in North America Over Next Decade
Citing market, supply, and construction considerations, a report commissioned by the California Energy Commission concludes that global LNG trade is likely to keep expanding at a strong pace, but predicts that in a low-growth scenario imports to North America would slow down. Platts LNG Daily offers further coverage. [Subscription...
Analysis: LNG Imports to United States Down in August
Posted on Aug 17, 2007 in Markets and Competition | Comments Off on Analysis: LNG Imports to United States Down in August
An analysis offered by Platts LNG Daily states that the U.S. market will receive 39% less LNG than it did in July. Platts suggests that the downturn in cargos received may have been caused by U.S. prices more closely aligning with European prices and the expanded demand for LNG in Japan due to nuclear power plant outages. [Subscription...
Excelerate CEO to Join Shell LNG Team
Posted on Aug 15, 2007 in Markets and Competition | Comments Off on Excelerate CEO to Join Shell LNG Team
Platts LNG Daily reports that Kathleen Eisbrenner, currently chief executive of Excelerate Energy, will join Royal Dutch Shell as the company’s executive vice president for global LNG operations. Eisbrenner led Excelerate’s bid to commercialize its proprietary Energy Bridge technology since the company formed in 2003. [Subscription...
Suez, Goldman Sachs Reportedly Reach Deal on Trinidad LNG Cargo
Posted on Aug 15, 2007 in Markets and Competition | Comments Off on Suez, Goldman Sachs Reportedly Reach Deal on Trinidad LNG Cargo
World Gas Intelligence reports that French Suez is offering up to nine cargos of LNG from its Trinidad supply for purchase and delivery over the next year. According to WGI, Goldman Sachs has won the tender for the first cargo to be delivered in November and destined for Japan. Suez has these cargos available because Statoil’s Snohvit LNG supply project is set to come online...
NATS: EIA Prediction for 2007 LNG Imports May Be Too Low
Posted on Aug 14, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: EIA Prediction for 2007 LNG Imports May Be Too Low
In its LNG Week in Review, NATS opines that the recent EIA estimate of 850 Bcf of LNG imported into the United States in 2007 likely is too low. According to NATS, the U.S. terminals would need to regasify only about 2 Bcf/d for the rest of the year to reach that total, an average daily sendout lower than July’s average of 2.9 Bcf/d. NATS predicts that U.S. LNG imports will reach...