CB&I Subsidiary Secures Contract to Build LNG Storage Project on Vancouver Island
Posted on Apr 17, 2008 in Canada & Mexico, Storage | Comments Off on CB&I Subsidiary Secures Contract to Build LNG Storage Project on Vancouver Island
According to the Houston Business Journal, Horton CBI, a subsidiary of Chicago Bridge & Iron, has secured a $150 million contract from Terasen Gas (Vancouver Island) Inc. to build an LNG storage facility on Vancouver Island in British Columbia. The facility will have a storage capacity of 434,000 barrels, and will be owned and operated by Terasen...
Conference Attendees Call for Increased Natural Gas Storage to Accommodate LNG Imports
Posted on Apr 16, 2008 in Markets and Competition, Storage | Comments Off on Conference Attendees Call for Increased Natural Gas Storage to Accommodate LNG Imports
Speaking at Interchange Energy’s LDC Forum in Atlanta, several industry experts argued that increased natural gas storage capacity is needed in the U.S. Southeast to accommodate rising LNG imports. According to Platts LNG Daily, storage capacity is particularly vital in the United States because LNG imports to the United States are erratic and some cargos tend to arrive during...
Letter to the Editor: Maryland State Delegate Defends Proposed Change to LNG Siting Regulation
Posted on Apr 10, 2008 in Policy, Legislation and Politics, State and Local Issues, Storage | Comments Off on Letter to the Editor: Maryland State Delegate Defends Proposed Change to LNG Siting Regulation
In a letter to the editor of The Gazette (Md.), Maryland State Delegate Jolene Ivey (D) responds to criticism of her bill that would require the state’s Public Service Commission to use the U.S. Department of Housing and Urban Development’s safety standards in siting LNG facilities near residential...
FERC Issues DEIS for Florida LNG Storage Facility
Posted on Mar 25, 2008 in Environmental, Federal Regulation, Storage | Comments Off on FERC Issues DEIS for Florida LNG Storage Facility
Last week FERC issued a Draft Environmental Impact Statement (DEIS) for a peak-shaving facility proposed by Floridian Gas Storage. The proposed facility would have a storage capacity of 4 Bcf. The DEIS is available in FERC’s eLibrary under Docket No. CP08-13. Platts LNG Daily offers additional details [subscription...
Yankee Gas Agrees to Improve Look of LNG Storage Tank
Posted on Jan 14, 2008 in State and Local Issues, Storage | Comments Off on Yankee Gas Agrees to Improve Look of LNG Storage Tank
The Republican-American (Waterbury, Conn.) reports that Yankee Gas Services Co. has tentatively agreed to improve the aesthetics of its LNG storage tank this year. The company’s pledge follows a meeting with city and state...
Analyst: LNG Imports will Utilize Storage Capacity Growth Near Gulf Coast
Posted on Jan 9, 2008 in Markets and Competition, Storage | Comments Off on Analyst: LNG Imports will Utilize Storage Capacity Growth Near Gulf Coast
Speaking to a client forum last week, James Diemer of Pace Global predicted that anticipated increases in LNG imports to the Gulf Coast will become the market drivers for the new storage capacity being added in the region, Platts LNG Daily reports. Diemer noted that, in addition to increased LNG imports, a tightening credit market and the regulatory review process will likely prevent...