Experts: LNG Imports Will Not Eliminate U.S. Price Volatility
Posted on May 2, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Experts: LNG Imports Will Not Eliminate U.S. Price Volatility
Speakers at the Canadian Enerdata GasFair PowerFair conference in Toronto predict that increased regasification capacity in the Atlantic basin over the next few years will encourage arbitrage, and is unlikely to reduce price volatility in the U.S. natural gas market. Platts LNG Daily provides further coverage. [Subscription...
FERC Chairman: U.S. LNG Expansion Could Displace Arctic Pipeline Projects
Posted on May 1, 2007 in Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on FERC Chairman: U.S. LNG Expansion Could Displace Arctic Pipeline Projects
Citing numerous approvals for new terminal development and expansion, FERC Chairman Joseph Kelliher predicted that LNG will be needed “regardless to whether the Alaska or Mackenzie pipelines are built,” and noted that those projects would have to compete with cheaper gas from abroad. The National Post (Canada) provides further...
Maryland Governor Skeptical of the Cost Saving Benefits of Sparrows Point
Posted on May 1, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Maryland Governor Skeptical of the Cost Saving Benefits of Sparrows Point
As the Maryland Public Service Commission considers a major rate increase, The Maryland Gazette reports that Gov. Martin O’Malley (D) remains skeptical that the proposed Sparrows Point LNG terminal would help keep energy costs down because much of the gas would be transported to Pennsylvania. In order to convince the governor, project sponsor AES says they will have to quantify...
NATS: Elba Island LNG Terminal to Increase Output as Cypress Pipeline Begins Operations
Posted on May 1, 2007 in Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on NATS: Elba Island LNG Terminal to Increase Output as Cypress Pipeline Begins Operations
NATS reports that Elba Island LNG terminal’s output will increase today as its connection to the Cypress Pipeline comes online, transporting regasified natural gas to Florida markets . [Subscription...
Cypress to Connect Florida to LNG Market
Posted on Apr 30, 2007 in E&P, Federal Regulation, Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on Cypress to Connect Florida to LNG Market
The Herald Tribune (Florida) reports that the Cypress pipeline, which is scheduled to come online tomorrow and connect the Elba Island LNG terminal to Florida, will enmesh Florida’s energy industry in the global LNG market. The paper notes the Interstate Natural Gas Association of America has argued that Florida would probably have less demand for LNG if exploration had been...
Effects of U.S. Supreme Court Decision Unclear
Posted on Apr 30, 2007 in Federal Regulation, Markets and Competition, Regas Terminals & Capacity | Comments Off on Effects of U.S. Supreme Court Decision Unclear
U.S. Energy Information Administrator Guy Caruso on Friday said any possible effects on the LNG industry of Mass v. EPA, the U.S. Supreme Court’s recent decision regarding greenhouse gas emissions, are not immediately clear. Citing investor concerns over new coal-based power plants, Caruso suggested that stricter penalties for carbon emissions could benefit LNG importers, but...