Massachusetts State Reps. Urge Federal Government to Close Potential WTO LNG Loophole
Posted on Nov 13, 2009 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Massachusetts State Reps. Urge Federal Government to Close Potential WTO LNG Loophole
State Reps. David Sullivan (D) and Byron Rushing (D) have pushed a resolution through the Massachusetts House of Representatives which urges the U.S. Trade Representative to exclude LNG terminals from ongoing negotiations with the World Trade Organization. Rep. Sullivan is concerned could negatively affect state authority over LNG terminal siting matters, including the Weaver’s...
Hess LNG CEO: Investment in Crown Landing Project a “Very Long-Term Play”
Posted on Nov 12, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Hess LNG CEO: Investment in Crown Landing Project a “Very Long-Term Play”
Noting weak natural gas prices in the U.S. market and diminished import activity at U.S. LNG terminals, Hess LNG CEO Gordon Shearer told Dow Jones (via the Wall Street Journal [subscription required]) that his company’s recent acquisition of the Crown Landing LNG terminal project is a “very long-term play, a long-term investment, and it’s going to take a while to...
Jamaican Parliament Expected to Consider LNG Policy Soon
Posted on Nov 12, 2009 in Markets and Competition, Policy, Legislation and Politics, Regas Terminals & Capacity | Comments Off on Jamaican Parliament Expected to Consider LNG Policy Soon
The Jamaica Gleaner reports that the Jamaican Parliament is expected to consider an energy policy that includes LNG soon. The director general of the Office of Utilities Regulation told the Gleaner that the Cabinet has approved the...
Repsol Reports Canaport LNG Received Majority of LNG Investment
Posted on Nov 12, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Repsol Reports Canaport LNG Received Majority of LNG Investment
Repsol reported this week that the Canaport LNG terminal, now operating in St. John, New Brunswick, received the majority of its 103 million euro LNG investment in the first three quarters of 2009. Upstream Online [subscription required] also reports that Repsol’s income from its LNG business was down over 55% from the same period in...
El Paso Corp. Says Downsizing Will Not Affect Safety of Elba Island LNG
Posted on Nov 11, 2009 in Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on El Paso Corp. Says Downsizing Will Not Affect Safety of Elba Island LNG
Yesterday El Paso Corporation, the parent company of Southern LNG, the owner and operator of the Elba Island LNG terminal in Savannah, Ga., told WSAV News that the company plans to trim 300 positions company-wide. An El Paso spokesperson did not confirm how many positions at the Elba Island LNG facility would be cut, but noted that the staffing adjustment would have minimal effect on...
FERC Announces Visit to Freeport LNG Site
Posted on Nov 11, 2009 in Federal Regulation, Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on FERC Announces Visit to Freeport LNG Site
Yesterday FERC announced that it will visit the Freeport LNG terminal site in Brazoria County, Texas, on November 18, 2009, to examine sites referenced in the terminal’s Emergency Response Plan. Commission staff also will view the planned site of the natural gas liquids transfer meter station. Find the announcement in the FERC eLibrary under Docket No. CP03-75. Separately,...