Three Mass. Politicians Ask State Government to Consider Divesting Shares of Hess Corp. Over Weaver’s Cove LNG Project
Posted on Apr 20, 2011 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Three Mass. Politicians Ask State Government to Consider Divesting Shares of Hess Corp. Over Weaver’s Cove LNG Project
Three members of Massachusetts’ congressional delegation, including Sen. John Kerry (D) and Reps. Barney Frank (D) and Jim McGovern (D), sent a letter to Massachusetts Treasurer Steve Grossman requesting that his office investigate the possibility of divesting the state’s shares of Hess Corporation. Hess is the primary developer backing the Weaver’s Cove LNG import...
Excelerate Energy Announces Plans to Retire Gulf Gateway LNG Deepwater Port
Posted on Apr 19, 2011 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Excelerate Energy Announces Plans to Retire Gulf Gateway LNG Deepwater Port
Last week, Excelerate Energy announced its plans to decommission its Gulf Gateway LNG deepwater port. Excelerate CEO Rob Bryngelson said in a press statement that North American market conditions and Excelerate’s focus on other LNG markets around the world “reduced the need for Gulf Gateway and confirmed that its retirement is the most financially prudent course of action”...
European LNG Headlines
Posted on Apr 15, 2011 in Regas Terminals & Capacity | Comments Off on European LNG Headlines
Dutch Import Rules May Cost GATE LNG (Platts LNG Daily) [Subscription required]
Georgia House Resolution Urges Monthly Meetings with Stakeholders on Southeast LNG Truck Delivery Proposal
Posted on Apr 15, 2011 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Georgia House Resolution Urges Monthly Meetings with Stakeholders on Southeast LNG Truck Delivery Proposal
The Georgia House of Representatives passed HR 615 yesterday. HR 615 is a non-binding resolution, that urges various stakeholders to convene monthly meetings with Southeast LNG to discuss the company’s proposal to deliver via truck LNG previously imported to the Elba Island terminal. Read more in the Savannah Morning...
Peruvian LNG Cargo Expected to Arrive at Freeport LNG Terminal Soon
Posted on Apr 15, 2011 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Peruvian LNG Cargo Expected to Arrive at Freeport LNG Terminal Soon
Bloomberg reports that LNG vessel STX Frontier is expected to deliver a Peruvian-sourced LNG cargo to the Freeport LNG terminal on Sunday, April 17, 2011.
Op-Ed: Weaver’s Cove LNG Project Could Help Lower Natural Gas Bills in U.S. Northeast
Posted on Apr 14, 2011 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed: Weaver’s Cove LNG Project Could Help Lower Natural Gas Bills in U.S. Northeast
Responding to the position that additional LNG import facilities are not needed in the U.S. Northeast, Weaver’s Cove Energy President Ted Gehrig argues in an op-ed that the region’s high natural gas prices relative to the rest of the country suggest that more gas resources, including his company’s import project proposal, may benefit the region’s economy....