Analysts Predict Fewer LNG Cargos to Arrive in the United States This Month
Posted on Aug 10, 2007 in Markets and Competition | Comments Off on Analysts Predict Fewer LNG Cargos to Arrive in the United States This Month
Platts LNG Daily reports that a total of 47.22 Bcf of LNG is scheduled to arrive in the United States between August 1 and August 18. This trend represents a 23% decline in LNG arrivals compared with 61.57 Bcf that arrived in the first half of July. [Subscription...
Report: Despite Rising Gas Production in British Columbia, LNG will Have a “Growing Role” in North America
Posted on Aug 10, 2007 in Canada & Mexico, Markets and Competition | Comments Off on Report: Despite Rising Gas Production in British Columbia, LNG will Have a “Growing Role” in North America
The Conference Board of Canada reports that the province of British Columbia will increase its natural gas output and will soon reach approximately 20% of Canadian gas production. However, the report concludes that LNG imports will be needed to make up the supply shortfall in North America. The Vancouver Sun (carried via the Financial Post) provides additional...
Industry Expert: United States to Rely on Foreign LNG
Posted on Aug 9, 2007 in Markets and Competition | Comments Off on Industry Expert: United States to Rely on Foreign LNG
Speaking at an industry convention, Chris Conway, ConocoPhillips’ president of gas and power, predicted that the United States will become increasingly reliant on LNG imports. Conway noted, however, that global LNG supplies are tight due to international competition and rising costs of liquefaction facilities. Read more in Platts LNG Daily. [Subscription...
NATS: Record High Planned Sendout for August 9
Posted on Aug 9, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: Record High Planned Sendout for August 9
NATS data show that the planned sendout for today, August 9, will be a record at just below 4 bcf for the day. The record high temperatures in the southern portion of the Untied States and much of the U.S. East Coast has pushed demand for electricity generation, increasing demand for natural gas. For example, the Elba Island LNG import terminal, which now supplies gas to East Coast...
Op-Ed Offers Cautious Support for Quebec LNG Projects
Posted on Aug 9, 2007 in Canada & Mexico, Environmental, Markets and Competition, Regas Terminals & Capacity | Comments Off on Op-Ed Offers Cautious Support for Quebec LNG Projects
An Op-Ed carried by the Globe and Mail states that barring a dramatic decline in energy consumption, the Gros Cacouna and Rabaska LNG proposals near Quebec, Canada, are tolerable alternatives to other hydrocarbon fuels. Also, the Op-Ed suggests that importing LNG will allow Alberta to sell some of its hydroelectric power to Ottawa and U.S. markets, decreasing their reliance on coal and...
Report: U.S. LNG Imports Likely to Slow in Short-Term
Posted on Aug 9, 2007 in Markets and Competition | Comments Off on Report: U.S. LNG Imports Likely to Slow in Short-Term
Despite strong growth in LNG imports during the first half of 2007, a Jefferies & Co. report predicts that fewer LNG cargos will be delivered to the U.S. market over the next six months, according to Platts LNG Daily. The report cites increased demand from Europe and Japan, as well as large storage supplies in the United States, as reasons for the slowdown in LNG receipts....