Jamaica to Pursue Spot Market LNG
Posted on Feb 27, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Jamaica to Pursue Spot Market LNG
Yesterday’s Platts LNG Daily [Subscription required] reports that Jamaica will seek spot market LNG to supply its proposed floating regasification platform from 2009 to 2012, when it hopes to secure long-term supply arrangements. The development follows Trinidad’s announcement last week that it cannot fulfill a long-term agreement to supply Jamaica with LNG in the near...
Atlantic LNG Releases 2006 Production and Export Statistics
Posted on Feb 26, 2007 in Liquefaction, Markets and Competition | Comments Off on Atlantic LNG Releases 2006 Production and Export Statistics
Atlantic LNG issued a press release on Friday detailing its LNG production and export activities last year. The Trinidadian company processed 748 Bcf of natural gas in 2006 and shareholders exported 63% of 307 LNG cargos to the United States, 25% to Europe, and the rest to Japan, Puerto Rico, and the Dominican Republic. Friday’s edition of Platts LNG Daily provides further...
Competitive U.S. Prices May Draw LNG Cargos from UK
Posted on Feb 26, 2007 in Markets and Competition | Comments Off on Competitive U.S. Prices May Draw LNG Cargos from UK
Higher U.S. natural gas prices should help attract LNG cargos that would otherwise land this summer in the United Kingdom, which has seen its prices decrease almost 70% since November, according to analysts. Read more in Friday’s edition of Platts LNG Daily. [Subscription...
Gov. Palin to Submit Proposed Alaska Gasline Inducement Act
Posted on Feb 26, 2007 in Markets and Competition, Pipelines, Policy, Legislation and Politics | Comments Off on Gov. Palin to Submit Proposed Alaska Gasline Inducement Act
Alaska Gov. Sarah Palin on March 2 will submit to the state legislature the Alaska Gasline Inducement Act. If passed, the bill would promote the construction of a proposed pipeline that may originate at the North Slope and feed a liquefaction plant planned for Valdez. Friday’s edition of Platts LNG Daily has further details. [Subscription...
Excelerate Energy May Ship 90% of Teesside LNG Cargo to United States
Posted on Feb 19, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Excelerate Energy May Ship 90% of Teesside LNG Cargo to United States
According to Platts LNG Daily, Excelerate Energy may commission its UK-based Teesside terminal with roughly 10% of an LNG cargo that arrived last week, but ship the remainder of the cargo to the United States, where natural gas prices currently are higher. [Subscription...
Robust Growth Predicted for 2008 LNG Production
Posted on Feb 14, 2007 in Liquefaction, Markets and Competition | Comments Off on Robust Growth Predicted for 2008 LNG Production
A Wood MacKenzie analyst tells World Gas Intelligence that LNG production may rise only 8% in 2007, keeping supply and demand for the fuel unbalanced. “Some are going to go hungry. There’s just not enough LNG to go around,” he says. However, the publication predicts a greater leap in production in 2008, when a number of large liquefaction trains in Russia and Qatar...