U.S. EIA Predicts Decline in LNG Imports
Posted on Aug 8, 2007 in Markets and Competition | Comments Off on U.S. EIA Predicts Decline in LNG Imports
In its Short-Term Energy Outlook released yesterday, the EIA predicts that LNG imports will decline over the rest of the year due to falling prices in the U.S. market relative to price levels in Europe and Asia. However, the EIA still expects LNG import levels to reach a record-high 850 Bcf for 2007. Platts LNG Daily provides additional coverage. [Subscription...
New Pipeline Could Service Northwest LNG Terminal
Posted on Aug 7, 2007 in Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on New Pipeline Could Service Northwest LNG Terminal
TransCanada Corp. and Northwest Natural Gas Co. announced yesterday that they would form a joint venture to pursue a $700-million natural gas pipeline in Oregon. The venture, called Palomar Gas Transmission LLC, includes a provision allowing NorthernStar LLC, developer of the Bradwood Landing LNG import terminal, to buy capacity on the Palomar gas line. Greg Kantor, president and chief...
Midwest Utility May Join Global LNG Market
Posted on Aug 6, 2007 in Markets and Competition | Comments Off on Midwest Utility May Join Global LNG Market
Platts LNG Daily reported Friday that Michigan utility DTE Energy hopes to participate in the global LNG market and may pursue long-term supply contracts and seek opportunities for arbitrage. DTE vice president Mark Stiers told Platts that he believes state regulators would support DTE’s LNG plans as an extension of its involvement in domestic natural gas markets. [Subscription...
NATS: LNG Market Faces Global Volatility
Posted on Aug 6, 2007 in Financing, Markets and Competition | Comments Off on NATS: LNG Market Faces Global Volatility
NATS LNG Week in Review reports that the global LNG market is facing a great deal of volatility due to several factors, ranging from late-summer weather that could disrupt North American supplies, to a payment dispute between Belarus and Gazprom threatening to shut off supplies. NATS further notes that market-wide uncertainty spilling over from the housing market could affect the...
Op Ed: Alaskan LNG Plant Helps Keep Local Gas Supplies Even
Posted on Aug 6, 2007 in Liquefaction, Markets and Competition, Safety & Security, State and Local Issues | Comments Off on Op Ed: Alaskan LNG Plant Helps Keep Local Gas Supplies Even
An Op Ed carried by the Anchorage Daily News argues that the Kenai liquefaction plant is an indispensable part of Alaska’s long-term energy strategy because it serves as both as a year-round gas customer, allowing more gas fields to stay open, and as a back-up storage facility that can divert gas to residents during an...
Shipping Data Suggests U.S. LNG Imports Slowing in August
Posted on Aug 3, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Shipping Data Suggests U.S. LNG Imports Slowing in August
Platts LNG Daily reports that an analysis of shipping records suggests that the United States will receive significantly fewer cargos in the month of August compared with the month of July. Platts estimates that U.S. LNG import volumes will fall from an average of 2.79 Bcf/d in July to 1.79 Bcf/d in August. [Subscription...