MARAD Reaffirms New Jersey’s Adjacent Coastal State Status in Safe Harbor Energy Proceeding
Posted on Feb 12, 2008 in Federal Regulation, Regas Terminals & Capacity, State and Local Issues | Comments Off on MARAD Reaffirms New Jersey’s Adjacent Coastal State Status in Safe Harbor Energy Proceeding
MARAD reaffirmed its earlier decision to grant Adjacent Coastal State status to New Jersey following a Request for Reconsideration by Atlantic Sea Island Group. MARAD noted that although the proposed site of the Safe Harbor Energy LNG terminal is 19 miles from the New Jersey coast and outside the 15-mile limit specified by statute, the risks posed by the proposed facility affect both...
El Paso Secures 50% Stake in Gulf LNG Project
Posted on Feb 11, 2008 in Financing, Regas Terminals & Capacity | Comments Off on El Paso Secures 50% Stake in Gulf LNG Project
Platts LNG Daily [subscription required] reports that El Paso has closed on its acquisition of a 50% stake in the Gulf LNG project. Platts notes that an El Paso subsidiary is overseeing construction of the project and will also serve as the operator of the terminal when commercial operations...
Gazprom’s Decision on Baltic LNG Affects Gros Cacouna LNG Proposal
Posted on Feb 11, 2008 in Canada & Mexico, Liquefaction, Regas Terminals & Capacity | Comments Off on Gazprom’s Decision on Baltic LNG Affects Gros Cacouna LNG Proposal
The Canadian Press reports that Gros Cacouna LNG developers Petro-Canada and TransCanada Corp. said that they will “re-evaluate” their options following Gazprom’s decision to scrap its Baltic LNG liquefaction project. The developers had expected that Baltic LNG would provide a consistent supply of LNG for Gros Cacouna...
NATS Releases Analysis of 2007 U.S. LNG Imports
Posted on Feb 11, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS Releases Analysis of 2007 U.S. LNG Imports
NATS released its analysis of U.S. LNG imports for 2007, noting that 2007 saw an increase of 15% in imports over 2006. NATS reports that the BG Group was the largest importer of LNG to the U.S. market, holding a 54.7% market share. NATS also reports that Trinidad and Tobago, with a 58.5% market share, remains the largest country of origin of U.S. LNG imports....
New York State Delays Ruling on Broadwater LNG Proposal
Posted on Feb 11, 2008 in Regas Terminals & Capacity, State and Local Issues | Comments Off on New York State Delays Ruling on Broadwater LNG Proposal
The New York State Department of State and Broadwater Energy have agreed to extend, by an additional 60 days, the Department’s deadline to decide on the Broadwater LNG proposal. A spokesperson for Governor Eliot Spitzer (D-N.Y.) told Newsday that the Department of State sought the extension to study the complex issue more...
Shell: Qatargas Train 4 Mainly to Supply Elba
Posted on Feb 11, 2008 in Liquefaction, Regas Terminals & Capacity | Comments Off on Shell: Qatargas Train 4 Mainly to Supply Elba
In its Middle East newsletter, Shell stated that the majority of the LNG produced by Qatargas train 4 will be exported to the U.S. East Coast via the Elba Island LNG facility. The gas will be marketed by Shell Energy North America, a Shell subsidiary. Qatar’s Gulf Times provides additional...