NATS: U.S. LNG Imports Break Monthly Record Again
Posted on May 29, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: U.S. LNG Imports Break Monthly Record Again
NATS projects that a new record was set in May 2007 for the amount of LNG regasified and sent out by U.S. terminals (90 Bcf). The previous monthly record, set in April of this year, was 89.7 Bcf. [Subscription...
U.S. Deputy Energy Secretary: Feds Should “Ensure” Siting of LNG Terminal on West Coast
Posted on May 29, 2007 in Federal Regulation, Markets and Competition, Regas Terminals & Capacity | Comments Off on U.S. Deputy Energy Secretary: Feds Should “Ensure” Siting of LNG Terminal on West Coast
Dow Jones reports that U.S. Deputy Secretary of Energy Clay Sell said on Monday that the U.S. federal government “will need to show a greater level of responsibility to ensure that an [LNG] import terminal is sited on the West Coast.” Read more in the Dow Jones Asian Equities Report [carried via LexisNexis; subscription...
Gazprom Seeks Stakes in Canadian LNG Projects
Posted on May 25, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Gazprom Seeks Stakes in Canadian LNG Projects
Rabaska LNG is negotiating a deal to purchase LNG from Russian state-owned producer Gazprom and the agreement could allow Gazprom to obtain an ownership interest in Rabaska’s proposed LNG project near Quebec City. Gazprom is also in negotiations to supply LNG for Petro-Canada’s Gros-Cacouna LNG project. Despite these negotiations, one energy analyst expressed skepticism...
Op-Ed: Developers Must Prove Need Before Building LNG Terminals
Posted on May 25, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed: Developers Must Prove Need Before Building LNG Terminals
An op-ed carried in the Santa Monica Mirror suggests that before any LNG projects are approved for California’s coastline, a thorough process is needed to establish that LNG is necessary to sustain the state’s future energy...
Analyst: LNG Spot Market Growing
Posted on May 24, 2007 in Markets and Competition | Comments Off on Analyst: LNG Spot Market Growing
An analyst with Merrill Lynch told attendees at the 6th Annual Platts LNG Conference that he believes the global spot market for LNG will continue to grow, eventually following the oil market model. Steve Hanan, director of global commodities and origination for Merrill Lynch, said that trading houses such as Merrill Lynch can participate in the LNG spot market in the short term by...
LNG to Help Offset Decline in Canadian Gas Imports
Posted on May 24, 2007 in Markets and Competition | Comments Off on LNG to Help Offset Decline in Canadian Gas Imports
The Natural Gas Supply Association’s 2007 Summer Outlook predicts that increased LNG imports will help to offset diminishing Canadian gas supplies this summer. While Canadian imports are expected to decline approximately 1 Bcf/d from last year, LNG is predicted to provide 2 Bcf/d of supply. Platts LNG Daily provides further details. [Subscription...