LNG Imports May Spur Changes to Algonquin Pipeline
Posted on Jun 29, 2007 in Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on LNG Imports May Spur Changes to Algonquin Pipeline
Platts LNG Daily reports that the expected increase in LNG imports into the Northeastern U.S. market may lead to upgrades on Spectra Energy’s existing Algonquin pipeline. Spectra may revamp its infrastructure to allow for greater bi-directional flow capacity. [Subscription...
U.S. Gas Storage Inventories May Surpass Last Summer’s Record
Posted on Jun 29, 2007 in Markets and Competition, Storage | Comments Off on U.S. Gas Storage Inventories May Surpass Last Summer’s Record
The Energy Information Administration (EIA) released figures yesterday reporting that 99 Bcf net of natural gas was injected into U.S. storage during the week ending June 22, bringing current gas inventories to 2.443 trillion cubic feet (Tcf). Platts LNG Daily [subscription required] reports that some analysts believe that steady LNG imports and current storage injection trends may...
Concerns Raised Over Port Dolphin Application
Posted on Jun 27, 2007 in Environmental, Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Concerns Raised Over Port Dolphin Application
The St. Petersburg Times (Fla.) reports that the Port Dolphin LNG application to construct an LNG terminal offshore Florida has received a lukewarm reception in Florida. One potential customer, Tampa Electric Co., described its own interest as “very preliminary,” while public interest group Environment Florida expressed concerns for marine life, fishing, tourism, and...
Report: As LNG Imports Rise, High Prices Needed to Encourage Domestic Gas Production
Posted on Jun 27, 2007 in E&P, Markets and Competition | Comments Off on Report: As LNG Imports Rise, High Prices Needed to Encourage Domestic Gas Production
Platts LNG Daily reports that analysis by Cambridge Energy Research Associates found that strong prices would be needed to support gas output volumes in North America. The group concludes that the marginal cost for unlocking successive layers of gas will lead domestic drilling for unconventional natural gas to become uneconomic relative to LNG imports and other technologies....
Analysts: LDCs Replenishing Inventories Earlier than Usual
Posted on Jun 25, 2007 in Markets and Competition | Comments Off on Analysts: LDCs Replenishing Inventories Earlier than Usual
Platts LNG Daily reports that industry analysts have identified a trend of local distribution companies (LDCs) adding more gas to storage earlier in the year to avoid direct competition with power generating gas buyers. These analysts also noted that LNG imports to the United States between January and April were up 66% over last year, likely due to the high price of LNG in North...
Corpus Cristi LNG and Ingleside LNG Projects Delayed
Posted on Jun 22, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Corpus Cristi LNG and Ingleside LNG Projects Delayed
The Corpus Christi Caller reports today on delays related to two LNG projects approved for the area near Corpus Christi, Texas. Cheniere Energy’s Corpus Christi LNG terminal has completed its site preparation work, but is awaiting the outcome of pending financial deals before construction begins. Occidental Petroleum’s Ingleside LNG terminal has not begun site preparation...