U.S. EIA Reports Strong Import Market
Posted on May 10, 2007 in Markets and Competition | Comments Off on U.S. EIA Reports Strong Import Market
According to the U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook, LNG imports to the United States during the first quarter of 2007 are estimated to reach 180 Bcf, a 60 percent increase over last year’s first quarter. The EIA accordingly revised its earlier prediction for total U.S. LNG imports for 2007 from 770 Bcf to 790 Bcf. Lloyd’s...
Developer Affiliated with Quoddy Bay LNG Says Downeast LNG Lacks Site Control
Posted on May 9, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Developer Affiliated with Quoddy Bay LNG Says Downeast LNG Lacks Site Control
The Bangor Daily News reported yesterday that Bear Creek Investments Ltd., a development company with connections to Quoddy Bay LNG President Donald Smith, says the required exclusion zones for the proposed Downeast LNG terminal site will extend onto Bear Creek’s property, and Bear Creek has filed comments with the Maine Board of Environmental Protection opposing Downeast...
Qatari Oil Minister: Qatar Will Supply LNG to United States
Posted on May 8, 2007 in Markets and Competition | Comments Off on Qatari Oil Minister: Qatar Will Supply LNG to United States
Speaking at a joint press conference with U.S. Energy Secretary Samuel Bodman, Qatari Oil Minster Abdullah Bin Hamad al-Attiyah said that he expects approximately one-third of Qatar’s future LNG production to be shipped to the United States. Oil Daily provides further coverage of the press conference. [Subscription...
DNV Recommends Forecasting Software to Minimize Scheduling Risks
Posted on May 4, 2007 in Markets and Competition, Regas Terminals & Capacity, Technology | Comments Off on DNV Recommends Forecasting Software to Minimize Scheduling Risks
Speaking at the Offshore Technology Conference in Houston, the energy sector leader from Det Norske Veritas says that ship owners, terminal builders, and gas buyers ought to use specially-designed software to manage the scheduling challenges that are inherent at multi-user regasification terminals. DNV has developed such software. Lloyd’s List provides further coverage....
Maine Energy Official Skeptical that LNG Would Ease Gas Prices
Posted on May 3, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Maine Energy Official Skeptical that LNG Would Ease Gas Prices
The chairman of the Maine Public Utilities Commission, Kurt Adams, does not expect long-term relief from high energy costs as a result of building an LNG regasification terminal in Maine. Saying that “Maine can do virtually nothing to control world commodity markets,” Adams encouraged conservation and development of “renewable, indigenous [energy] resources.”...
Cypress Pipeline Online, Additional Capacity Planned
Posted on May 2, 2007 in Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on Cypress Pipeline Online, Additional Capacity Planned
El Paso Corporation’s Cypress Pipeline, connecting the Elba Island LNG terminal in Georgia to consumers in Florida went into operation yesterday as scheduled. Reuters reports that Phase 2 of the project will begin operations in May 2008, adding 116 mmcf/d of capacity, and Phase 3 will be completed in May 2010, adding 164...