NATS: Trans-Atlantic Price Spread Shrinks
Posted on Jul 10, 2007 in Markets and Competition | Comments Off on NATS: Trans-Atlantic Price Spread Shrinks
NATS LNG Week in Review reports that natural gas prices in the United States fell due to the Independence Day holiday while UK prices rose dramatically, closing the Trans-Atlantic price spread to only 9¢/MMBtu by the end of last week. However, NATS predicts that due to mild weather and a lack of European storage capacity, LNG spot cargos will continue to prefer U.S. destinations until...
LNG Price Convergence Predicted for Atlantic Basin
Posted on Jul 9, 2007 in Markets and Competition | Comments Off on LNG Price Convergence Predicted for Atlantic Basin
Energy Business Review Online reports that from 1996 – 2006, LNG imports to the American market grew at 13% per year on average, compared with natural gas consumption growing at just 1.4% per year during the same period. The piece hypothesizes that this large growth rate, coupled with decentralized regulation, will make the United States the destination of choice for LNG in the...
Alaskan LNG Trucking Firm Plans to Secure North Slope Supply
Posted on Jul 5, 2007 in Liquefaction, Markets and Competition, Storage | Comments Off on Alaskan LNG Trucking Firm Plans to Secure North Slope Supply
The Anchorage Daily News reports that Fairbanks Natural Gas, a firm that specializes in liquefying and trucking natural gas to Fairbanks, Alaska, has announced that once it secures gas supply from the North Slope, it plans to develop an LNG liquefaction facility in the region. The company states that it has several governmental permits already and that it has been negotiating for...
Bill Requiring LNG Needs Assessment Moving Through California Legislature
Posted on Jul 5, 2007 in Markets and Competition, Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Bill Requiring LNG Needs Assessment Moving Through California Legislature
California Senate Bill 412, legislation that would delay the approval of LNG terminals until the state conducts an LNG needs assessment, passed out of the Assembly Utilities and Commerce Committee on Monday. The bill, passed by the state Senate last month, will now go to the Assembly Natural Resources Committee. Platts LNG Daily provides further details. [Subscription...
LNG Imports to United States Filling Gaps in Canadian Gas Production
Posted on Jul 5, 2007 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on LNG Imports to United States Filling Gaps in Canadian Gas Production
According to the Financial Post (Canada) (carried via LexisNexis [subscription required]), U.S. LNG imports have increased as Canadian gas production has fallen over the past year. Yet at least one analyst believes that the surge in U.S. LNG imports is a short-term phenomenon caused by relatively weak gas prices in...
NATS: LNG Usage Sets New Record High for First Six Months
Posted on Jul 2, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: LNG Usage Sets New Record High for First Six Months
In its weekly report to subscribers, NATS looks at the first six months of US LNG activity and puts it into perspective for the rest of the year. NATS reports that domestic LNG usage has set a new record during the first six months of the year, driven largely by imports at the Trunkline terminal in Lake Charles, La. Also, the new Cypress Pipeline system connecting the Elba Island...