Local Supply at Issue in LNG Export License Extension
Posted on Jun 11, 2007 in Liquefaction, Markets and Competition, State and Local Issues | Comments Off on Local Supply at Issue in LNG Export License Extension
ConocoPhillips and Marathon have applied to the U.S. Department of Energy to extend their LNG export license for their Kenai LNG facility located in Alaska. The state government has conditioned its support for extension of the license on ConocoPhillips and Marathon agreeing to supply local utilities and end users during the peak season before allowing gas to be exported overseas....
Panel: Early Investors Have Advantage as LNG Construction Costs Soar
Posted on Jun 8, 2007 in Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on Panel: Early Investors Have Advantage as LNG Construction Costs Soar
A panel of LNG executives at the Citi Power, Gas, and Utilities Conference in Charleston, S.C., indicated that while the LNG investment climate remains strong, particular advantages may accrue to companies that invested early. Sempra CFO Mark Snell said, “The facilities we have under construction, and others under way, definitely have a cost advantage to any new...
NATS: Henry Hub and Landed LNG Prices Diverge in April
Posted on Jun 7, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: Henry Hub and Landed LNG Prices Diverge in April
NATS reports that although landed LNG prices decreased in April, the Henry Hub natural gas price index increased, breaking the usual trend of LNG prices tracking Henry Hub’s price levels. NATS suggests that, due to a large increase in LNG imports during April, this price differential may illustrate a temporary shift from a sellers’ to a buyers’ market in the Atlantic...
Dominion Considers MLP for Cove Point Terminal
Posted on Jun 6, 2007 in E&P, Markets and Competition, Regas Terminals & Capacity | Comments Off on Dominion Considers MLP for Cove Point Terminal
Reuters reports that the CEO of Dominion Resources Inc. indicated yesterday that Dominion is considering restructuring its ownership of the Cove Point regasification terminal to become a master limited partnership (MLP). According to the report, Dominion will not consider making the change until the current expansion of the terminal is completed; the expansion is expected to be in...
Dow Chemical Anticipates Greater Liquefaction Capacity Worldwide
Posted on Jun 6, 2007 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Dow Chemical Anticipates Greater Liquefaction Capacity Worldwide
The CEO of Dow Chemical Company, Andrew Liveris, announced that Dow would wait to secure long-term supply contracts for its stake in the Freeport LNG terminal until additional LNG liquefaction facilities come online. Liveris told Reuters that after early 2008 Dow will be able to take advantage of a supply-demand imbalance in LNG, which he predicts will occur as a result of more...
Foreign Workers Ease Sabine Pass Construction Labor Shortage
Posted on Jun 4, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Foreign Workers Ease Sabine Pass Construction Labor Shortage
Bechtel Corporation, the construction management company for Cheniere Energy’s Sabine Pass LNG terminal, announced that it has hired some workers from the Philippines to alleviate a shortage of skilled industrial labor for the project. Citing the strong demand for repair work after Hurricane Rita, a Bechtel spokesperson said that it has been challenging to find enough local...