Uncertainty in Alaskan Market Affecting Kenai
Posted on Mar 8, 2007 in Liquefaction, Markets and Competition, State and Local Issues | Comments Off on Uncertainty in Alaskan Market Affecting Kenai
An analysis in yesterday’s World Gas Intelligence [subscription required] posits that ConocoPhillips and Marathon sought only a 2-year extension on their export licenses for the Kenai, Alaska, liquefaction plant mainly because of growing constraints on supply for the local gas market and uncertainty over legislation providing for the development of a pipeline from the...
EIA Projects Increase in 2007 LNG Imports
Posted on Mar 7, 2007 in Markets and Competition | Comments Off on EIA Projects Increase in 2007 LNG Imports
According to the latest Short-Term Energy Outlook, released yesterday, the U.S. Energy Information Administration (EIA) expects LNG imports to expand to 770 billion cubic feet in 2007, an increase over the 580 bcf mark reached in 2006. EIA projects further growth in 2008, with LNG imports expected to exceed one trillion cubic feet. EIA’s projections are available here. Platts LNG...
Excelerate Cargo to Arrive at Cove Point This Week
Posted on Mar 7, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Excelerate Cargo to Arrive at Cove Point This Week
Platts LNG Daily reports that this week Excelerate will unload at the Cove Point terminal in Maryland more than 90% of an LNG cargo it used to commission its UK-based Teesside terminal. The company is taking advantage of relatively higher U.S. natural gas prices, according to an Excelerate official. [Subscription...
Op-Ed: Trinidad & Tobago and Jamaica Should Not Let LNG Cause Conflict
Posted on Mar 6, 2007 in Markets and Competition, Policy, Legislation and Politics | Comments Off on Op-Ed: Trinidad & Tobago and Jamaica Should Not Let LNG Cause Conflict
Jamaica Gleaner published an op-ed Sunday, written by the acting editor of The Trinidad Guardian, responding to a Gleaner editorial that had criticized the government of Trinidad for refusing to supply Jamaica with LNG. The op-ed blames multi-national corporations for creating the conflict and calls on each nation’s leaders to “talk about these issues in such a way that the...
Talks Dormant on Northern Washington Terminal Site
Posted on Mar 5, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Talks Dormant on Northern Washington Terminal Site
Lummi Indian Business Council vice chairman Willie Jones described the discussions over building an LNG terminal on tribal land at Cherry Point, Wash., as “pretty much dormant at this point.” The Bellingham Herald, however, notes that the northern Washington site may be a natural location for a terminal because existing refineries already handle Alaskan crude oil. Natural...
Diplomatic Dispute May Emerge Over Failed Jamaica-Trinidad LNG Deal
Posted on Mar 2, 2007 in Markets and Competition, Policy, Legislation and Politics | Comments Off on Diplomatic Dispute May Emerge Over Failed Jamaica-Trinidad LNG Deal
According to Radio Jamaica, Jamaican Prime Minister Portia Simpson Miller sent a letter to the government of Trinidad & Tobago expressing disappointment with Trinidad’s recent announcement that it will not be able to fulfill a memorandum of understanding to supply LNG to Jamaica. A Trinidadian opposition leader also placed blame on the Trinidadian government for being overly...