Study: Atlantic Alternative to Broadwater Possible
Posted on Jun 8, 2007 in Environmental, Regas Terminals & Capacity, State and Local Issues, Technology | Comments Off on Study: Atlantic Alternative to Broadwater Possible
An independent study commissioned by the New York State Energy Research and Development Authority concludes that wind and wave conditions do not preclude an alternative LNG import terminal from being built offshore south of Long Island instead of in the Sound, where the Broadwater terminal would be located. John Hritcko, Broadwater’s senior vice president, responded that his...
California Senate Passes Measure to Re-Evaluate Need for LNG
Posted on Jun 7, 2007 in Environmental, Policy, Legislation and Politics, Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on California Senate Passes Measure to Re-Evaluate Need for LNG
The California State Senate has passed SB 412, which orders the California Energy Commission (CEC) to submit to the legislature and governor by July 1, 2008, a “Needs Evaluation Report” to determine whether the state’s energy demands can be met without LNG. If SB 412 becomes law, it would also place a moratorium on the issuance of permits for LNG facilities or...
NATS: Henry Hub and Landed LNG Prices Diverge in April
Posted on Jun 7, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: Henry Hub and Landed LNG Prices Diverge in April
NATS reports that although landed LNG prices decreased in April, the Henry Hub natural gas price index increased, breaking the usual trend of LNG prices tracking Henry Hub’s price levels. NATS suggests that, due to a large increase in LNG imports during April, this price differential may illustrate a temporary shift from a sellers’ to a buyers’ market in the Atlantic...
Quoddy Bay to Host Second Public Information Meeting
Posted on Jun 7, 2007 in Environmental, Regas Terminals & Capacity, State and Local Issues | Comments Off on Quoddy Bay to Host Second Public Information Meeting
Quoddy Bay LNG announced that it will host a second public information meeting at a Perry, Maine, elementary school on Sunday evening. Quoddy Bay expects to file its environmental applications with the Maine Department of Environmental Protection (DEP) the following day or shortly thereafter. Following the previous public meeting, held on May 23, the LNG-opposition group Save...
Canadian Firms to Fill U.S. LNG Regasification Gap
Posted on Jun 6, 2007 in Canada & Mexico, Environmental, Regas Terminals & Capacity, State and Local Issues | Comments Off on Canadian Firms to Fill U.S. LNG Regasification Gap
The Edmonton Journal (via LexisNexis, subscription required) reports that Canadian firms are seeking to fill the gap in U.S. supply and demand for LNG regasification capacity by importing LNG to Canada for export as natural gas to the United States. The article also describes the extensive public consultation process executed by Petro-Canada and TransCanada Corp. in their successful...
Dominion Considers MLP for Cove Point Terminal
Posted on Jun 6, 2007 in E&P, Markets and Competition, Regas Terminals & Capacity | Comments Off on Dominion Considers MLP for Cove Point Terminal
Reuters reports that the CEO of Dominion Resources Inc. indicated yesterday that Dominion is considering restructuring its ownership of the Cove Point regasification terminal to become a master limited partnership (MLP). According to the report, Dominion will not consider making the change until the current expansion of the terminal is completed; the expansion is expected to be in...