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Cheniere Chief Predicts $2 Domestic Natural Gas Prices

In an interview on E&ETV today, Cheniere Energy Partners CEO Charif Souki predicted that long-term domestic natural gas prices would fall to $2/MMBtu as a result of improved drilling technologies, regardless of whether gas exports are increased: “We’re very early in the learning curve and we’re going to be able to find this resource more easily, faster and cheaper...

Trinidad Energy Official Calls FLNG an “Option” for Future LNG Exports

World Gas Intelligence reports that Selwyn Lashley, deputy permanent secretary for energy, said that floating LNG liquefaction could be an option worth exploring if significant natural gas quantities are discovered in deepwater offshore Trinidad & Tobago. [Subscription required]

New Design for Offshore Natural Gas Pipelines Could Compete with FLNG Proposals

Norwegian engineering firm DNV has announced advanced designs for offshore natural gas pipelines that could compete with floating LNG liquefaction projects, so-called FLNG projects. According to World Gas Intelligence, the new design thins the pipeline’s walls by 25-30% compared with traditional designs for extreme underwater depths, allowing the pipelines to compete with FLNG projects...

BC Ferries to Convert Portion of Fleet to LNG

BC Ferries announced recently that it plans to convert between 16 and 20 of its 35 ferries from marine diesel fuel to LNG power over the next decade. A company official told the Vancouver Sun that the “long-term plan is to convert all of the ships” in BC Ferries’  fleet to LNG.

Rolls Royce Marine Plans First LNG-Powered Tugs

Rolls Royce Marine has announced that it will build LNG power and propulsion systems for two LNG-fueled tugs by late 2013. According to Maritime Propulsion, the tugs were ordered by Bukser og Berging AS, Norway.

Study Concludes LNG-Powered Ferries Could Save Millions in Fuel Costs

A study examining fuel options for Washington State Ferries suggests that retrofitting six ferries with LNG-powered  engines could save more than $290 million in fuel costs over the boats’ remaining service lives. Find further details in the Kitsap Sun.

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