GAO Report Reiterates Security Concerns for Oil, LNG Tankers
Posted on Jan 10, 2008 in Marine Regulation, Policy, Legislation and Politics, Regas Terminals & Capacity, Safety & Security | Comments Off on GAO Report Reiterates Security Concerns for Oil, LNG Tankers
Echoing conclusions from a report released last March, the U.S. Government Accounting Office (GAO) released a second report on security risks facing energy commodity tankers, focusing specifically on tankers carrying oil and LNG. According to the Associated Press, the GAO concludes that some U.S. Coast Guard units lack the resources needed to effectively carry out their security...
Mass. State Senate Approves Measure Restricting Siting of New LNG Terminals
Posted on Jan 10, 2008 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Mass. State Senate Approves Measure Restricting Siting of New LNG Terminals
South Coast Today reports that last night the Massachusetts Senate unanimously passed an energy bill that includes an amendment restricting the siting of new LNG projects in the state. The measure, proposed by state Sen. Joan M. Menard, prohibits construction of a new LNG facility within one mile of a school, hospital, or nursing home. According to the publication, this measure would...
Sempra Further Delays Port Arthur LNG Terminal
Posted on Jan 10, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Sempra Further Delays Port Arthur LNG Terminal
A spokesperson for Sempra Energy told the San Diego Union-Tribune yesterday that the company is further delaying construction of its Port Arthur LNG terminal, although the project has received the necessary permits to begin construction. “We will only begin construction once…supply and capacity contracts are in place,” said the spokesperson. The company also announced...
USCG Close to Approving Northeast Gateway Security Plan, Operations Manual
Posted on Jan 10, 2008 in Federal Regulation, Financing, Regas Terminals & Capacity, Safety & Security | Comments Off on USCG Close to Approving Northeast Gateway Security Plan, Operations Manual
Reuters reports that a spokesperson for the U.S. Coast Guard predicted that final approval of the Northeast Gateway LNG terminal’s security plan and operations manual would be granted by the end of January. The piece also notes that start-up of the terminal may be key to German firm RWE’s reported purchase of 50% of Northeast Gateway project developer Excelerate...
Contango Sells Interest in Freeport LNG Project
Posted on Jan 9, 2008 in Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on Contango Sells Interest in Freeport LNG Project
Yesterday, Contango Oil & Gas Company announced that it has sold its 10% interest in Freeport LNG to a major Asian utility company. Contango’s press release (carried via Reuters) states that the sale was for approximately $68 million and that part of the proceeds will be used to prepay an outstanding loan, with the remaining funds to be used for Contango’s working...
Daily Letters to the Editor
Posted on Jan 9, 2008 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Daily Letters to the Editor
Daily Astorian (in favor of Bradwood Landing LNG proposal)