Analysts: Bullish Indicators for U.S. Gas Market
Posted on Jun 18, 2007 in Markets and Competition, Regas Terminals & Capacity, Storage | Comments Off on Analysts: Bullish Indicators for U.S. Gas Market
Platts LNG Daily reports that market analysts are predicting a bullish U.S. gas market for this summer. Citing the indicators released in the EIA’s short-term energy outlook last week as well as NOAA’s prediction of an active hurricane season, several gas market analysts said they expect gas prices to remain relatively high this summer. However, the Canadian National...
McMoRan Counting on LNG Terminal to Halt Net Losses
Posted on Jun 18, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on McMoRan Counting on LNG Terminal to Halt Net Losses
McMoRan Exploration Co., which has lost money for four straight years largely due to the high costs of offshore gas exploration, is counting on its Main Pass Energy Hub project (approved by MARAD in January) to solidify its financial footing. A McMoRan spokesperson said the company’s current priority is to obtain supply contracts for the terminal. New Orleans City...
New Brunswick Premier in France to Encourage Investment in Energy Projects
Posted on Jun 18, 2007 in Canada & Mexico, Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on New Brunswick Premier in France to Encourage Investment in Energy Projects
New Brunswick Premier Shawn Graham traveled to Paris to encourage European energy firms to invest in projects as part of the province’s bid to become the east coast’s energy hub. Specifically, Premier Graham met with the director general of Gaz de France to pledge his support for a natural gas pipeline that would run through northern New Brunswick from the proposed Rabaska...
Op-Ed: Indonesia Should Renegotiate LNG Sales to Costa Azul Project
Posted on Jun 18, 2007 in Markets and Competition | Comments Off on Op-Ed: Indonesia Should Renegotiate LNG Sales to Costa Azul Project
An op-ed carried by the Jakarta Post (Indonesia) suggests that current agreements reached between the Tangguh LNG project and LNG buyers, including Sempra Energy’s Costa Azul LNG project, may have reflected low natural gas prices. The piece goes on to suggest that Indonesia ought to cancel its agreement with Sempra and negotiate supply contracts with Japan and South Korea....
Spanish LNG Facilities Accepted by Public Due to Energy Needs
Posted on Jun 18, 2007 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Spanish LNG Facilities Accepted by Public Due to Energy Needs
The Chronicle Herald (Nova Scotia, Canada) profiles the Barcelona LNG import facility as an example of how Spain, which depends on LNG for 67% of its natural gas, has come to avoid the sort of public opposition that projects face in Nova Scotia and elsewhere in North...
Gas Buyers Granted Intervener Status to Protest Kenai Export License Renewal
Posted on Jun 15, 2007 in Federal Regulation, Liquefaction, Markets and Competition | Comments Off on Gas Buyers Granted Intervener Status to Protest Kenai Export License Renewal
Platts LNG Daily reports that the U.S. Department of Energy has granted intervenor status to several Alaskan gas buyers, allowing them to formally protest Marathon and ConocoPhillips’ application to extend the export license for their Kenai LNG liquefaction plant. Responding to the buyers’ concerns about their ability to meet the long-term gas demands of their customers,...