Growth in Spot Trading Unlikely
Posted on Apr 19, 2007 in Markets and Competition | Comments Off on Growth in Spot Trading Unlikely
Spot trading, estimated at only 10% of the total LNG market, likely will see limited growth over the next five to eight years, a leading shipbroker predicts. Lloyd’s List provides further...
Experts: U.S. Terminals to Operate at Under 50% Combined Capacity
Posted on Apr 18, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Experts: U.S. Terminals to Operate at Under 50% Combined Capacity
Citing higher gas prices in Europe and Asia as well as the growing accessibility of unconventional onshore gas sources, industry experts predict that U.S. LNG regasification terminals will on average operate at 50% or less of annual capacity. Platts LNG Daily provides more information. [Subscription...
Speakers Highlight “Unconventional” Gas at LDC Forum
Posted on Apr 18, 2007 in Markets and Competition | Comments Off on Speakers Highlight “Unconventional” Gas at LDC Forum
Industry experts speaking at Interchange Energy’s LDC Forum in Atlanta stressed the need to develop unconventional gas supplies, such as LNG and gas from non-traditional extraction sources. Platts LNG Daily provides coverage. [Subscription...
BHP Billiton Sees Support for New Natural Gas Supplies in California
Posted on Apr 16, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on BHP Billiton Sees Support for New Natural Gas Supplies in California
BHP Billiton “continues to see support across the state of California for the development of new sources of natural gas supply.” BHP Billiton’s press release, issued Friday and carried by Energy Central Professional, does not mention the California Coastal Commission’s rejection Thursday of its Cabrillo Port proposal. [Subscription...
U.S. EIA: LNG Imports, Spot Gas Estimate Rise
Posted on Apr 11, 2007 in Markets and Competition | Comments Off on U.S. EIA: LNG Imports, Spot Gas Estimate Rise
The U.S. Energy Information Administration reports that LNG imports for the past quarter were 47% above last year’s first-quarter volumes; this increase was due in part to a colder-than-average first quarter. The EIA forecasts that Henry Hub spot gas prices for the year will average $7.83/Mcf, a 25-cent increase from its previous estimate and an 89-cent increase over last...
High Prices Should Encourage U.S. LNG Imports
Posted on Apr 10, 2007 in Markets and Competition | Comments Off on High Prices Should Encourage U.S. LNG Imports
According to Credit-Suisse, U.S. terminals should continue to import LNG at or near their recent record-setting levels through August 2007. The current estimated market price at the Cove Point terminal in Maryland is $7.42/MMBTU, more than double the UK price and nearly a dollar above the South Korean market. Bloomberg News (via Tulsa World) has the...