New York Senate’s Environmental Committee Chairman Announces Opposition to Broadwater
Posted on May 14, 2007 in Environmental, Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on New York Senate’s Environmental Committee Chairman Announces Opposition to Broadwater
Newsday (New York) reports that New York State Senator Carl Marcellino (R-Syosset), Chairman of the senate’s Environmental Conservation Committee, announced his opposition to the Broadwater LNG terminal to be located in Long Island Sound. Citing environmental and security concerns, Marcellino also called on Gov. Eliot Spitzer (D) to publicly oppose the Broadwater...
Panel Analyzes Legal Issues Surrounding Passamaquoddy Region LNG Proposals
Posted on May 14, 2007 in Canada & Mexico, Litigation, Regas Terminals & Capacity, State and Local Issues | Comments Off on Panel Analyzes Legal Issues Surrounding Passamaquoddy Region LNG Proposals
A panel of legal experts was convened at the University of New Brunswick last Friday to discuss the complex issues of international law and policy surrounding the LNG proposals in the Passamaquoddy Bay region. The Telegraph-Journal (New Brunswick) has coverage on the...
Atlantic Sea Island Group Resubmits Application for Offshore Terminal
Posted on May 11, 2007 in Federal Regulation, Pipelines, Regas Terminals & Capacity | Comments Off on Atlantic Sea Island Group Resubmits Application for Offshore Terminal
MARAD announced yesterday that Atlantic Sea Island Group LLC has resubmitted its application with MARAD and the USCG for a Deepwater Port License for the Safe Harbor Energy LNG terminal. MARAD notes that the facility will include three components: an island constructed on the Outer Continental Shelf in federal waters 13.5 miles south of Long Beach, N.Y.; an LNG receiving,...
BP VP: U.S. LNG Imports Depend on Events in Europe
Posted on May 11, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on BP VP: U.S. LNG Imports Depend on Events in Europe
Speaking at the GasMart 2007 conference in Chicago, Lee Lunde, a BP Canada Energy executive, called the United States the “market of last resort” for LNG. Lunde said that just 30% of the country’s LNG regasification capacity has been used over the past three years; U.S. terminals have attracted more cargos recently only because of relatively low gas prices in...
In Depth: Risk-based Approach to LNG Terminal Access
Posted on May 11, 2007 in "In Depth", Financing, Markets and Competition, Regas Terminals & Capacity, Technology, Vessel Transportation | Comments Off on In Depth: Risk-based Approach to LNG Terminal Access
At the 2007 Offshore Technology Conference in Houston, Det Norske Veritas energy sector leader Pedram Fanailoo presented a paper, jointly written with Steven Sparling of Sutherland Asbill & Brennan LLP, on “The Need to Factor Asset Risk into LNG Terminal Agreement Negotiations.” The paper looks at the complex issue of LNG terminal operability: that is, the ability to...
Jamaica to Issue Request for Proposals for LNG Terminal
Posted on May 11, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Jamaica to Issue Request for Proposals for LNG Terminal
Platts LNG Daily reports that state-owned Petroleum Corporation of Jamaica plans to issue a request for proposals by June 15 in order to select a company to develop a floating regasification terminal off Jamaica’s coast. Jamaican officials expect to choose a proposal by August and hope that the terminal will be operational in...