WSJ Reports on U.S. Natural Gas Market
Posted on Jan 5, 2006 in E&P, Federal Regulation, Liquefaction, LNGLawBlog, Markets and Competition, Regas Terminals & Capacity, Vessel Transportation | Comments Off on WSJ Reports on U.S. Natural Gas Market
On December 26, the Wall Street Journal ran an article discussing the state of the natural gas market in the U.S., particularly focusing on the supply-demand imbalance, the status of LNG imports and the potential development of an international gas spot market. The article is available at here. [Subscription...
Sempra LNG To Sell LNG At Reduced Price As Result of Broader Settlement
Posted on Jan 5, 2006 in LNGLawBlog, Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Sempra LNG To Sell LNG At Reduced Price As Result of Broader Settlement
Today’s Platts LNG Daily reports that as a result of Sempra Energy’s settlement resolving a number of class-action lawsuits related to the 2000-2001 energy crisis, Sempra LNG will reduce the price by $0.02/MMBtu at which it sells regasified LNG to SoCal Gas and San Diego Gas & Electric. The LNG will be imported through the Energia Costa Azul LNG...
Maritimes & Northeast Expansion Hearing Scheduled Amid Eminent Domain Concerns
Posted on Jan 5, 2006 in Canada & Mexico, LNGLawBlog, Pipelines, Regas Terminals & Capacity, State and Local Issues | Comments Off on Maritimes & Northeast Expansion Hearing Scheduled Amid Eminent Domain Concerns
Maine’s Republican Journal reports on the public hearing in Liberty scheduled for January 10, 2006, to consider the proposed expansion of the Maritimes & Northeast Pipeline. The expansion is intended to accommodate increased natural gas supplies from two LNG terminals under construction in eastern Canada. The article highlights area citizens’ concerns over the...
Golar LNG To Convert Existing LNG Vessel into Floating Regas Terminal
Posted on Jan 5, 2006 in LNGLawBlog, Regas Terminals & Capacity, Storage, Vessel Transportation | Comments Off on Golar LNG To Convert Existing LNG Vessel into Floating Regas Terminal
Golar LNG, the world’s largest independent ship owner, has announced that it will convert an existing 129,000 cubic meter LNG vessel into a Floating Storage and Regasification Unit (FSRU). Keppel Shipyard of Singapore will perform the conversion, which will be the first of its kind. Golar believes that “no other system can compete with this concept in terms of pricing...
Georgia State Legislator Considering Bill To Encourage Elba Island Expansion
Posted on Jan 5, 2006 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Georgia State Legislator Considering Bill To Encourage Elba Island Expansion
Georgia State Congressman Jeff Lewis of Cartersville, Chairman of the House Public Utilities Commission, has indicated that he is considering legislation that would encourage the expansion of the Elba Island LNG terminal in order to bring more supplies of natural gas to Georgia consumers. Lewis also plans to introduce a bill to do away with the state sales tax on...