Trinidad and Tobago Supports Venezuela’s LNG Agreement With Jamaica
Posted on Mar 20, 2007 in Liquefaction, Markets and Competition | Comments Off on Trinidad and Tobago Supports Venezuela’s LNG Agreement With Jamaica
According to today’s Jamaica Gleaner, the government of Trinidad and Tobago has endorsed Venezuela’s agreement to supply Jamaica with LNG by 2009, saying that it had encouraged Jamaica to seek out the deal with Venezuela. The deal came about after Trinidad concluded that, because of supply constraints, it was unable to provide Jamaica with LNG pursuant to a memorandum of...
Chevron Cancels Coronado LNG Project
Posted on Mar 15, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Chevron Cancels Coronado LNG Project
Chevron has cancelled plans to develop an LNG import facility near Mexico’s Coronado Islands. According to the North American Terminal Survey [subscription required], the project became too expensive and drew criticism from environmentalists. Reuters reports that Chevron instead has opted to send supply from its Gorgon natural gas field in Australia to...
Venezuela Signs LNG Agreement With Jamaica
Posted on Mar 15, 2007 in Liquefaction, Markets and Competition | Comments Off on Venezuela Signs LNG Agreement With Jamaica
The Jamaica Gleaner reports that Venezuela signed an agreement on Tuesday to supply Jamaica with more than 150 Mcf/d of LNG by 2009. However, the president of the Natural Gas Company of Trinidad and Tobago expressed skepticism over Venezuela’s ability to construct a liquefaction facility in time to meet the 2009 deadline. In response, Jamaica’s minister of industry,...
Pipeline from Jordan Cove Finds a Strong Market
Posted on Mar 9, 2007 in Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on Pipeline from Jordan Cove Finds a Strong Market
In a press release yesterday, Pacific Connector Gas Pipeline LP announced that it has executed precedent agreements with 7 shippers for a total of 1.49 Bcf/d of capacity on its proposed pipeline, which would transport natural gas from the proposed Jordan Cove LNG import terminal. This would exceed the initial design capacity of 1 Bcf/d, but the company said that the pipeline “can...
Cross-Border Gas Treaty Ready for Signature
Posted on Mar 8, 2007 in Liquefaction, Markets and Competition, Policy, Legislation and Politics | Comments Off on Cross-Border Gas Treaty Ready for Signature
Minister of Energy Lenny Saith provided Trinidad & Tobago’s Newsday with some of the first public details of the cross-border unitization treaty with Venezuela over the Loran fields in the waters between the two nations. The nations would develop the Loran field jointly, with Trinidad & Tabago claiming a 27% undivided share. Once the treaty is in force, negotiations would...
Today to be Record Day for LNG Regas in U.S.
Posted on Mar 8, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Today to be Record Day for LNG Regas in U.S.
According to data collected by the North American Terminal Survey (NATS ), today is scheduled to break the single-day record for LNG regasification in the U.S. The five active U.S. terminals are scheduled to regasify 3.3 Bcf. This quantity includes record utilization at both Cove Point and Lake Charles. These records come on the heels of a recently completed NATS analysis of the...