LIPA Releases Broadwater LNG Report
Posted on Aug 1, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on LIPA Releases Broadwater LNG Report
The Long Island Power Authority (LIPA) released a report yesterday prepared by a private consulting firm that estimates that the proposed Broadwater LNG terminal will save New York gas consumers approximately $14.8 billion between 2010 and 2020, or about $300 per household annually. The report does not suggest that natural gas rates will be lower than current levels, but rather that...
NATS: July LNG Imports to United States Third-Highest Monthly Total of 2007
Posted on Aug 1, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: July LNG Imports to United States Third-Highest Monthly Total of 2007
NATS reports that U.S. LNG imports for the first seven months of 2007 totaled 524.3 Bcf, compared with 354.1 Bcf during the same period last year. The United States imported 86.6 Bcf of LNG in July, making it the third highest month of 2007 for U.S. LNG imports behind May and April, respectively. NATS cites increases at the Trunkline LNG terminal in Lake Charles, La., the Cove Point...
NATS: U.S. Regasfication Volumes Down Significantly, Suggesting a Fundamental Market Shift
Posted on Jul 30, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: U.S. Regasfication Volumes Down Significantly, Suggesting a Fundamental Market Shift
NATS LNG Week in Review notes that regasification volumes sent out from U.S. LNG import terminals dropped by nearly one-third in the previous week, and opines that these lower volumes mark a distinct market shift from the past several months. As European and Asian LNG markets have tightened over the past few weeks, U.S. gas supplies have remained high, driving down the domestic gas...
NATS Predicts U.S. LNG Imports Will Slow
Posted on Jul 25, 2007 in Markets and Competition | Comments Off on NATS Predicts U.S. LNG Imports Will Slow
Citing European and American natural gas price differentials, NATS believes that LNG import volumes to the United States will slow as LNG shippers find foreign markets more profitable. Also, vaporization rates in the United States have slowed, particularly at the Lake Charles LNG terminal in Louisiana, where the average daily sendout has fallen from 1.5 Bcf/d to 0.7 Bcf/d....
Study: International Interdependence in Natural Gas Market Could Stabilize Prices
Posted on Jul 25, 2007 in Markets and Competition | Comments Off on Study: International Interdependence in Natural Gas Market Could Stabilize Prices
A study released by Stanford University’s Energy Modeling Forum yesterday suggests that diversity of supply and international interdependence of markets will have a greater effect on price stability than energy independence. The study observes that LNG is a significant component in developing a global gas market and notes that a lack of infrastructure could hinder the...
NATS: U.S. LNG Imports Likely to Decline
Posted on Jul 24, 2007 in Markets and Competition | Comments Off on NATS: U.S. LNG Imports Likely to Decline
Reporting on international developments that are tightening the LNG market, NATS predicts that domestic gas storage levels will prevent U.S. gas prices from rising with the market, making the United States a less attractive destination for LNG cargos over the next several months. [Subscription...