EIA: U.S. LNG Imports to Increase by 35% Over 2006 Total
Posted on Jun 14, 2007 in Markets and Competition | Comments Off on EIA: U.S. LNG Imports to Increase by 35% Over 2006 Total
The U.S. Energy Information Administration predicts that 2007 LNG imports to U.S. markets will reach 790 Bcf, 35% above LNG imports in 2006. This increase may offset a projected 4.4% decline in pipeline gas imports, primarily from Canada. The EIA’s June 2007 Short-Term Energy Outlook provides additional...
Potential Price Volatility and Supply Disruptions Concern Gas Buyers
Posted on Jun 14, 2007 in Markets and Competition | Comments Off on Potential Price Volatility and Supply Disruptions Concern Gas Buyers
Platts LNG Daily reports that industry panelists at the LDC Forum Northeast in Boston acknowledged the advantages of greater LNG supply entering the U.S. Northeast market, but expressed concern about possible supply disruptions and price volatility due to further globalization of the LNG market. One power supply manager remarked, “We’d be more confident and more comfortable...
LNG Legislation May Inadvertently Contribute to California Supply Crunch
Posted on Jun 13, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on LNG Legislation May Inadvertently Contribute to California Supply Crunch
World Gas Intelligence analyzes from a market perspective the pending legislation in California that would require a needs assessment for LNG imports before any new LNG terminals or pipelines could be approved. WGI suggests that LNG imports will be needed to sustain California’s energy market, citing diminished supplies from Canada and the expected price hike on natural gas from...
Market Experts: Future Access to LNG Imports in American Market Unclear
Posted on Jun 13, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Market Experts: Future Access to LNG Imports in American Market Unclear
Debating at the LDC Forum Northeast, LNG analysts and market experts disagreed on the overall impact of increasing LNG infrastructure and supplies to the U.S. market. Some experts believe that expanding regasification infrastructure will provide greater access to LNG supplies in the global market, though others disagreed, claiming that U.S. LNG buyers would be consistently outbid by...
Sempra Signs LNG Supply Deal for Indonesian Gas
Posted on Jun 13, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Sempra Signs LNG Supply Deal for Indonesian Gas
The Tangguh project, operated by BP Indonesia, will supply Sempra Energy’s half-share of the Costa Azul LNG regasification terminal under construction in Baja California, Mexico, the San Diego Union-Tribune reports. Sempra will depend on other suppliers for the period between the scheduled openings of Costa Azul in February 2008 and Tangguh in...
Sempra May Expand Costa Azul LNG Capacity
Posted on Jun 12, 2007 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Sempra May Expand Costa Azul LNG Capacity
Sempra Energy is seeking the permits necessary to more than double the capacity of its Costa Azul LNG facility, though no final decision on when or whether to expand the terminal has been made. A senior executive told Reuters that Chevron’s decision to forgo plans for another terminal off the coast of Baja California “adds value” to the Costa Azul...