Quoddy Bay LNG Seeks Gas Supplies Despite Challenges During Approval Process
Posted on Jun 22, 2007 in Federal Regulation, Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on Quoddy Bay LNG Seeks Gas Supplies Despite Challenges During Approval Process
Natural Gas Intelligence (carried via LexisNexis [subscription required]) reports on the challenges facing Quoddy Bay LNG during its approval process, specifically highlighting the difficulties in obtaining federal permits without showing that suppliers and pipeline capacity have been secured. While Quoddy Bay continues to seek supply arrangements, project manager Brian Smith said the...
Regional Company Proposes Pipeline Connecting Cove Point LNG Terminal to Southern Delaware
Posted on Jun 22, 2007 in Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on Regional Company Proposes Pipeline Connecting Cove Point LNG Terminal to Southern Delaware
Eastern Shore Natural Gas Co., a regional natural gas pipeline company, has proposed a pipeline that will travel along the Chesapeake Bay floor and through eastern Maryland to connect southern Delaware with the Cove Point LNG regasification terminal. The News Journal (Wilmington, Del.) reports that the project, called the EasternShore Energylink Expansion, should be operational by...
Experts: LDCs May Not Immediately Sign Long-Term Contracts
Posted on Jun 21, 2007 in Markets and Competition | Comments Off on Experts: LDCs May Not Immediately Sign Long-Term Contracts
Platts LNG Daily reports that a panel of experts at the LNG North American Summit 2007 predicted that U.S. local distribution companies (LDCs), though pressured by LNG terminal developers and gas suppliers, would be hesitant to enter into any long-term agreements to distribute gas imported as LNG. One VP of an LDC said that local distributors see LNG as just another source of gas and...
Nuon: LNG Markets in North America and Europe Will Not Converge Completely
Posted on Jun 21, 2007 in Markets and Competition | Comments Off on Nuon: LNG Markets in North America and Europe Will Not Converge Completely
Platts LNG Daily reports that the director of natural gas and LNG for Nuon, a Dutch utility, predicts that North American and European gas markets will see only limited convergence as more LNG is imported to the two markets because both markets are driven by local supply-and-demand fundamentals. [Suscription...
Petro-Canada Talking with Geographically Diverse Suppliers for Gros Cacouna LNG Project
Posted on Jun 19, 2007 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Petro-Canada Talking with Geographically Diverse Suppliers for Gros Cacouna LNG Project
Dow Jones Energy Service (carried via LexisNexis, subscription required) reports on Petro-Canada executive vice president Peter Kallos saying that the company is pursuing LNG supplies from sources other than Russia, including Algeria, Trinidad, and the Persian Gulf, for its Gros Cacouna LNG facility. However, Kallos maintained that Russia’s Gazprom remains the top candidate,...
U.S. Consumers’ Demand Spurs New Brunswick LNG Project
Posted on Jun 19, 2007 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on U.S. Consumers’ Demand Spurs New Brunswick LNG Project
Gary Bischof, president of Canaport LNG, cited U.S. consumers’ demand for natural gas as the motivating factor for pursuing the Canaport LNG project to be located outside Saint John, New Brunswick. Bischof also noted New Brunswick’s proximity to the world’s gas and oil supply make it a more attractive destination than the U.S. Gulf Coast. The Chronicle Herald (New...