Editorial: Weaver’s Cove LNG Risks Override Potential Rewards
Posted on Dec 20, 2007 in Environmental, Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on Editorial: Weaver’s Cove LNG Risks Override Potential Rewards
An editorial carried by the Standard Times (Mass.) argues that the potential safety and security risks posed by the Weaver’s Cove LNG proposal override its potential economic benefits, which include a potential 10% reduction in the price of natural gas for the region. Instead, the editorial piece advocates energy and natural resource...
FERC Commissioner Questioned on Pacific Northwest LNG Proposals During Senate Confirmation
Posted on Dec 20, 2007 in Federal Regulation, Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on FERC Commissioner Questioned on Pacific Northwest LNG Proposals During Senate Confirmation
Platts LNG Daily reports that FERC Commissioner Jon Wellinghoff was questioned by U.S. Sen. Ron Wyden (D-Ore.) regarding the number of LNG regasification projects proposed for the Pacific Northwest. Commissioner Wellinghoff answered that the market ought to dictate which projects are pursued, but he noted that there is no reason FERC should not consider multiple impacts of several...
FERC Requests Information From Consulting Firm Regarding Potential Conflict of Interest
Posted on Dec 20, 2007 in Federal Regulation, Pipelines, Regas Terminals & Capacity | Comments Off on FERC Requests Information From Consulting Firm Regarding Potential Conflict of Interest
In a letter dated today, FERC has requested further information from the Natural Resource Group (NRG), an environmental third-party contractor for the Bradwood Landing LNG project, “as mitigation to allow the FERC to assure the public that the work is being carried out in an impartial manner.” In particular, FERC is concerned about the appearance of a conflict of interest...
Regas Terminal Proposed for Mexico’s Yucatan Peninsula
Posted on Dec 20, 2007 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Regas Terminal Proposed for Mexico’s Yucatan Peninsula
Earlier this week Gulf United Energy announced that it has joined with Mexicana de Gas Natural to propose an LNG regasification terminal for Mexico’s Yucatan Peninsula. This 300-500 Mmcf/d project is scheduled to begin operations in 2011. CNN Money carries the company’s press...
CEO: Weaver’s Cove LNG Expects to Litigate Issues in Federal Court
Posted on Dec 19, 2007 in Federal Regulation, Regas Terminals & Capacity, Vessel Transportation | Comments Off on CEO: Weaver’s Cove LNG Expects to Litigate Issues in Federal Court
Gordon Shearer, president and CEO of Weaver’s Cove LNG, told the Standard-Times (Mass.) that he expects his company will pursue an appeal of a U.S. Coast Guard decision to declare the proposed tanker route unsuitable for LNG vessel traffic. Shearer said that the Coast Guard’s analysis was based upon “unprecedented procedural and factual...
Local Groups Protest WestPac LNG
Posted on Dec 19, 2007 in Canada & Mexico, Environmental, Regas Terminals & Capacity | Comments Off on Local Groups Protest WestPac LNG
The Nanaimo Daily News (British Columbia, Canada) reports that fifteen community and environmental organizations have joined together in opposing WestPac LNG’s proposed regasification project on Texada Island near Vancouver. The coalition, called the Alliance to Stop LNG, also hopes to halt all new coastal oil and gas operations proposed for offshore British Columbia and to...