Petro-Canada: Cancellation of Gros Cacouna Terminal “Highly Unlikely”
Posted on Jul 31, 2007 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Petro-Canada: Cancellation of Gros Cacouna Terminal “Highly Unlikely”
Speaking to Platts LNG Daily, Petro-Canada spokesperson Andrew Pelletier said that it is “highly unlikely” that rising construction costs would halt development of the Gros Cacouna LNG terminal. Pelletier’s statement follows the recent comments of Petro-Canada CEO Ron Brenneman to Canada’s Financial Post that the project faces a delay and a possible redesign of...
Rabaska Official Says LNG Proposal Poses No Safety Risk
Posted on Jul 31, 2007 in Canada & Mexico, Regas Terminals & Capacity, Safety & Security | Comments Off on Rabaska Official Says LNG Proposal Poses No Safety Risk
In an interview with the Montreal Gazette, Rabaska CEO Glenn Kelly says that the proposed Rabaska LNG terminal poses no threat to surrounding communities, despite recent reports. He also claims that the terminal’s site is superior to that of the approved Gros Cacouna project. “[T]he predictable delays are much greater at Gros Cacouna…especially in winter when demand...
Daily Letters to the Editor
Posted on Jul 30, 2007 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Daily Letters to the Editor
The Daily Astorian (Ore.) (opposed to the Bradwood Landing LNG proposal)
MARAD Announces Agreement with Woodside on U.S. Flag LNG Vessels
Posted on Jul 30, 2007 in Federal Regulation, Marine Regulation, Regas Terminals & Capacity, Vessel Transportation | Comments Off on MARAD Announces Agreement with Woodside on U.S. Flag LNG Vessels
U.S. Maritime Administrator Sean T. Connaughton announced today that Woodside Natural Gas has committed to employ two U.S. flag LNG regasification vessels and U.S. crews and officers to service its OceanWay LNG terminal proposed for offshore Southern California. The vessels will be used in mid-ocean ship-to-ship transfer operations and then to regasify and offload the gas at the...
Massachusetts Residents Concerned that LNG Projects Could Expose Past Pollution
Posted on Jul 30, 2007 in Environmental, Pipelines, Regas Terminals & Capacity | Comments Off on Massachusetts Residents Concerned that LNG Projects Could Expose Past Pollution
Gatehouse News Service (carried via the North Shore Sunday (Mass.)) reports that a Massachusetts environmental group has raised concerns that pipeline construction for the deepwater LNG ports from Excelerate Energy and Suez North America could expose radioactive waste deposited decades ago in Massachusetts Bay. A spokesperson for Excelerate said that the pipeline route has been...
NATS: U.S. Regasfication Volumes Down Significantly, Suggesting a Fundamental Market Shift
Posted on Jul 30, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: U.S. Regasfication Volumes Down Significantly, Suggesting a Fundamental Market Shift
NATS LNG Week in Review notes that regasification volumes sent out from U.S. LNG import terminals dropped by nearly one-third in the previous week, and opines that these lower volumes mark a distinct market shift from the past several months. As European and Asian LNG markets have tightened over the past few weeks, U.S. gas supplies have remained high, driving down the domestic gas...