Canadian NEB Approves Emera Brunswick Pipeline
Posted on Jun 1, 2007 in Canada & Mexico, Environmental, Markets and Competition, Pipelines | Comments Off on Canadian NEB Approves Emera Brunswick Pipeline
Finding that “the benefits associated with the Brunswick Pipeline bringing an additional and stable supply of gas into Maritime Canada are significant, real and numerous,” Canada’s National Energy Board approved the Emera Brunswick pipeline proposal designed to transport gas from the Canaport LNG terminal under construction near Saint John, New Brunswick. The...
LNG Terminals May Spur M&N Pipeline Expansion
Posted on Jun 1, 2007 in Markets and Competition, Pipelines | Comments Off on LNG Terminals May Spur M&N Pipeline Expansion
Platts LNG Daily reports that the Maritimes & Northeast Pipeline will launch an open season next week to gauge interest in a proposed expansion of its system to capture an expected increase in LNG imports after one or more terminals are constructed along the U.S. and Canadian Atlantic coasts. The open season will begin June 8 and end August...
Price Effects of Cypress Pipeline Unclear
Posted on Jun 1, 2007 in Markets and Competition, Pipelines | Comments Off on Price Effects of Cypress Pipeline Unclear
El Paso’s Cypress Pipeline, which connects the Elba Island LNG terminal to the Florida market, began operations on May 1, but its effect on Florida gas prices remains unclear. Platts LNG Daily reports that market analysts predict that its likely effect will be minimal. [Subscription...
Gros Cacouna Terminal Moves Forward
Posted on May 31, 2007 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Gros Cacouna Terminal Moves Forward
Platts LNG Daily reports that Petro-Canada and TransCanada, the developers of the Gros Cacouna LNG terminal, are unconcerned about recent reports that the proposed Rabaska terminal also is attempting to secure supply from Gazprom’s Baltic LNG project. Additionally, a Petro-Canada spokesperson stated that although Gros Cacouna filed its initial permit application after Rabaska,...
NEB: Summer Gas Prices and Supply Should Remain Stable
Posted on May 31, 2007 in Canada & Mexico, Markets and Competition | Comments Off on NEB: Summer Gas Prices and Supply Should Remain Stable
In its 2007 Summer Energy Outlook, Canada’s National Energy Board (NEB) reports that “LNG imports into the [United States] were about 50% higher in January to April compared to the same period last year.” NEB attributes the increase to mild weather in Europe and relatively higher prices in North America. NEB predicts that North American gas prices will remain in the...
Analyst: LNG Imports Predicted to Grow
Posted on May 30, 2007 in Markets and Competition | Comments Off on Analyst: LNG Imports Predicted to Grow
Platts LNG Daily reports that the latest monthly outlook from Steven Smith Energy Associates predicted that LNG imports will continue to run approximately 1 Bcf/d higher than last year. Assuming no loss of gas production due to hurricanes, the report forecasts that storage this summer will surpass last year’s volumes by 114 Bcf. [Subscription...