El Paso Official: LNG Imports to Encourage Pipeline and Storage Investment
Posted on May 23, 2007 in Markets and Competition, Storage | Comments Off on El Paso Official: LNG Imports to Encourage Pipeline and Storage Investment
El Paso vice president Patrick Johnson, speaking at the 6th Annual Platts LNG Conference, predicted that LNG imports would encourage investment in pipeline and storage capacity in the lower 48 states. Citing a trend of diminishing Canadian exports and the increasing costs of the Mackenzie and Alaska pipeline proposals, Johnson suggested that the best way to make up the supply shortfall...
Report: LNG an Option for Hawaii’s Energy Needs
Posted on May 23, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Report: LNG an Option for Hawaii’s Energy Needs
A report entitled “Evaluating Natural Gas Import Options for the State of Hawaii,” produced for the Hawaii Energy Policy Forum, found that declining costs in the LNG value chain may make LNG imports a viable alternative to oil-based power generation in the state. The report concludes that an LNG facility could displace 20% of the state’s oil consumption within seven...
Expert: Access to Global LNG Supplies Major Factor in U.S. Market
Posted on May 22, 2007 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Expert: Access to Global LNG Supplies Major Factor in U.S. Market
James Diemer, the managing director of Pace Global Energy, told attendees at the 6th Annual Platts LNG Conference that there will be a second wave of projects to expand U.S. LNG regasification capacity, which will likely come in the form of expansions to existing terminals. In the short-term, Diemer predicted that, because global liquefaction capacity is growing more slowly than U.S....
FERC Predicts Record LNG Imports
Posted on May 18, 2007 in Markets and Competition, Storage | Comments Off on FERC Predicts Record LNG Imports
FERC market analysts predict that LNG imports will continue their record-breaking pace through the summer, though FERC suggests that European and other markets may lure away LNG shipments during the winter. According to comments by Stephen Harvey, FERC’s deputy director of market oversight, Europe has less storage capacity than the United States, creating upward price pressure...
Analyst: LNG Spot Market Could Link European and U.S. Gas Prices
Posted on May 16, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Analyst: LNG Spot Market Could Link European and U.S. Gas Prices
A Lehman Brothers analyst suggests that as additional regasification capacity comes online in the Atlantic Basin, the LNG spot market may expand and begin to link natural gas prices in Europe and the United States. Platts LNG Daily provides more...
Sonatrach Plans to Establish Natural Gas Company in the United States
Posted on May 15, 2007 in Markets and Competition | Comments Off on Sonatrach Plans to Establish Natural Gas Company in the United States
Speaking at a U.S.-Algeria Business Council energy conference, an official from Algeria’s state-owned Sonatrach said the company is investigating ways to establish a U.S. subsidiary or form a partnership with an existing company to manage LNG imports. Sonatrach recently announced plans to triple LNG exports to the United States by 2010. The Dow Jones News Service (carried...