LNG Imports Could Lower Jamaican Oil Costs by $300 Million Annually
Posted on Feb 10, 2012 in Markets and Competition, Regas Terminals & Capacity | Comments Off on LNG Imports Could Lower Jamaican Oil Costs by $300 Million Annually
The CFO for Jamaica Public Service Company told The Gleaner that using LNG to fuel the company’s proposed 360-megawatt power project could lower the country’s oil import costs by $300 million per year. The power plant is scheduled to come online by...
European LNG Headlines
Posted on Feb 9, 2012 in Financing, Regas Terminals & Capacity | Comments Off on European LNG Headlines
Lithuania LNG Terminal Preliminary Cost Estimate at $262 Million (Reuters)
European LNG Headlines
Posted on Feb 6, 2012 in Regas Terminals & Capacity | Comments Off on European LNG Headlines
Italy’s Rovigo LNG Plant at Lower Capacity Due to Heavy Seas (Reuters)
Sempra Renegotiates Indonesian LNG Supply Contract to Allow More Cargo Diversions
Posted on Feb 6, 2012 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Sempra Renegotiates Indonesian LNG Supply Contract to Allow More Cargo Diversions
Platts LNG Daily [subscription required] reports that Sempra Energy and the partnership behind the Tangguh LNG liquefaction project in Indonesia are renegotiating the terms of their LNG supply contract. Under the revised terms of the contract, the Tangguh partners will be permitted to divert up to 80% of Sempra’s contracted LNG supplies to other customers, rather than the 50% gas...
Jamaican Industry Player Expresses Frustration Regarding Trinidad LNG Reserves
Posted on Feb 3, 2012 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Jamaican Industry Player Expresses Frustration Regarding Trinidad LNG Reserves
A member of Jamaica’s business community told The Gleaner that he is frustrated with the mixed messages reportedly given by Trinidad & Tobago regarding the country’s LNG reserves, saying that “[o]ne day they have reserves and another day they are running out of reserves, [s]o you never know where you...
PHMSA Reaffirms Prior Decision that Agency’s LNG Regulations Satisfy Statute
Posted on Feb 3, 2012 in Federal Regulation, Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on PHMSA Reaffirms Prior Decision that Agency’s LNG Regulations Satisfy Statute
The Pipeline and Hazardous Materials Safety Administration (PHMSA) has reaffirmed its prior decision that, despite a challenge submitted by the states of Massachusetts and Rhode Island and the City of Fall River, Mass., in the Weaver’s Cove LNG project proceeding, the agency’s regulations on the location of LNG facilities “satisfy the applicable statutory...