LNG Trade Group Opposes California LNG Bill
Posted on Jul 20, 2007 in Markets and Competition, Policy, Legislation and Politics, State and Local Issues | Comments Off on LNG Trade Group Opposes California LNG Bill
The Center for Liquefied Natural Gas (CLNG) yesterday announced its opposition to California Senate Bill 412, which would compel California state authorities to issue a study on whether or not the California energy market really requires LNG in the future. Calling SB 412 “redundant and a waste of taxpayer dollars,” CLNG cites a 2005 report co-authored by California’s...
Expert: U.S. LNG Imports to Slow
Posted on Jul 19, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Expert: U.S. LNG Imports to Slow
Platts LNG Daily reports that Steve Johnson, industry expert and president of Waterborne Energy, predicts that LNG imports to the United States are likely to decline next month as gas prices in Europe and Asia rise and U.S. prices fall. Johnson claims the current pattern of demand spiking in the United States and decreasing elsewhere during the summer months is not a new trend, though...
NATS: World Events Will Likely Slow U.S. LNG Imports
Posted on Jul 19, 2007 in Markets and Competition | Comments Off on NATS: World Events Will Likely Slow U.S. LNG Imports
NATS predicts that recent world events including the nuclear accident in Japan, storage tank problems in Korea, and the shutdown of the CATS pipeline in the U.K. may tighten the global LNG market and slow down U.S. LNG imports. NATS suggests these events may contribute to lower U.S. LNG import volumes. [Subscription...
Report Predicts U.S. LNG Imports to Rise Substantially
Posted on Jul 18, 2007 in Markets and Competition | Comments Off on Report Predicts U.S. LNG Imports to Rise Substantially
LNG imports to the United States may represent as much as 18% of the country’s gas supply by 2030, according to a report released yesterday by the National Petroleum Council. Platts LNG Daily reports that the study cites continued restrictions on domestic drilling and production as a primary reason for the increase. The report also agrees with the 2006 EIA Energy Outlook which...
Analysis: Underground Storage Essential to U.S. LNG Market
Posted on Jul 11, 2007 in Markets and Competition, Storage | Comments Off on Analysis: Underground Storage Essential to U.S. LNG Market
An analysis in World Gas Intelligence offers insight into the importance of underground storage to the U.S. LNG market, citing the ability to absorb regasified supplies during periods of relatively low demand. The piece points to the expansion at the Cove Point LNG regasification terminal as the major storage source on the East Coast and predicts that much of this storage capacity will...
Expert: Canadian Exports to United States Likely to Decrease Dramatically by 2015
Posted on Jul 11, 2007 in Canada & Mexico, Markets and Competition | Comments Off on Expert: Canadian Exports to United States Likely to Decrease Dramatically by 2015
Bill Gwozd, senior vice president for gas services of Canadian consulting firm Ziff Energy, told World Gas Intelligence that Canadian exports to the United States will likely decrease from 9.7 Bcf/d in 2006 to between 5 and 6 Bcf/d by 2015. Gwozd also predicted that the drop in exports will compel Americans in the Northeast to import more overseas LNG rather than rely on gas supplies...