Daily LNG Imports Record Broken Again
Posted on Apr 5, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Daily LNG Imports Record Broken Again
According to data collected by Pan EurAsian’s NATS service, planned sendout from U.S. LNG regasification terminals today will reach 3.5 Bcf, less than one month after the record-breaking 3.3 Bcf on March 8. The day will also be a record utilization of the Lake Charles LNG terminal, using 1.7 Bcf of its standard capacity of 1.8 Bcf (2.1 Bcf peaking capacity). While Spain is...
Maintenance at Cove Point Terminal Could Impact U.S. LNG Imports
Posted on Apr 4, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Maintenance at Cove Point Terminal Could Impact U.S. LNG Imports
Dominion’s Cove Point LNG terminal will be shut down for the month of June for maintenance associated with the expansion of the facility. This week’s edition of World Gas Intelligence notes that the maintenance may be ill-timed because U.S. gas prices are expected to remain steady during the downtime, while demand for LNG in Asia and Europe is expected to remain low....
Congresswoman Urges Sec. Rice to Prevent Formation of Natural Gas Cartel
Posted on Apr 3, 2007 in LNGLawBlog, Markets and Competition, Policy, Legislation and Politics | Comments Off on Congresswoman Urges Sec. Rice to Prevent Formation of Natural Gas Cartel
Amid growing concern that a natural gas cartel could gain influence as the global LNG market expands, Rep. Ileana Ros-Lehtinen (R-Fla.) yesterday sent a letter to Secretary of State Condoleezza Rice urging her to take immediate action to avert the formation of a cartel. A Dow Jones article provides further...
Jamaica Considers Alternative to LNG
Posted on Mar 30, 2007 in Liquefaction, Markets and Competition | Comments Off on Jamaica Considers Alternative to LNG
Following the collapse of the LNG deal between Jamaica and Trinidad & Tobago, politicians and businessmen are rethinking Jamaica’s pursuit of LNG and suggesting compressed natural gas as an alternative energy source. Read more in The Jamaica...
Analyst: U.S. Natural Gas Prices May Decrease
Posted on Mar 29, 2007 in Markets and Competition | Comments Off on Analyst: U.S. Natural Gas Prices May Decrease
A Goldman Sachs analyst has predicted that U.S. natural gas prices might drop by an average of 9.1% during the next three months due to an increase in LNG imports. According to Goldman’s head of commodities research, unseasonably warm winters in Europe and Asia have led to cargo diversions to the United States. Bloomberg has the...
Shell Cancels Plans for Proposed Gulf Landing LNG Terminal
Posted on Mar 29, 2007 in Environmental, Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Shell Cancels Plans for Proposed Gulf Landing LNG Terminal
Shell U.S. Gas and Power yesterday announced that it will not go forward with its proposed Gulf Landing LNG terminal off the Louisiana coast. According to the project director, market conditions have obviated the need for the terminal. Shell will instead continue to seek capacity rights at other import facilities. Reuters provides further details, and The Times-Picayune carries...