Gazprom Plans to Enter U.S. LNG Market
Posted on Jun 16, 2006 in Markets and Competition | Comments Off on Gazprom Plans to Enter U.S. LNG Market
Gazprom expects to finalize a number of U.S. LNG initiatives in “the next three to six months,” according to John Hattenberger, director of Gazprom Marketing and Trading. He said that the company is exploring several ways to enter the U.S. LNG market, including starting a U.S.-based company or acquiring an existing company with U.S. marketing and trading activities. Read...
Freeport-McMoRan Submits Amended Application for Main Pass LNG
Posted on Jun 16, 2006 in Environmental, Marine Regulation, Regas Terminals & Capacity | Comments Off on Freeport-McMoRan Submits Amended Application for Main Pass LNG
In a press release issued yesterday, Freeport-McMoRan announced that it has resubmitted its application for the proposed offshore Main Pass Energy Hub LNG terminal to reflect changes in the project’s initial design. The New Orleans-based company decided to forego the use of open-rack vaporizers to regasify LNG and switch to closed-loop regasification technology following Louisiana Gov....
BP Calls FERC’s Approval of Crown Landing a “Major Accomplishment”
Posted on Jun 16, 2006 in Federal Regulation, Litigation, Regas Terminals & Capacity | Comments Off on BP Calls FERC’s Approval of Crown Landing a “Major Accomplishment”
Today’s Gloucester County Times covers BP’s response to FERC’s approval of its Crown Landing LNG terminal proposal. “The closer we get to starting up the facility, the sooner the homeowners and businesses in New Jersey will have a more secure supply of energy,” said BP’s spokesperson Tom Mueller. The project still faces a pending Supreme Court case...
WGL Considers Litigation Over Proposed LNG Storage Tank
Posted on Jun 15, 2006 in Litigation, State and Local Issues, Storage | Comments Off on WGL Considers Litigation Over Proposed LNG Storage Tank
Washington Gas Light says it may file lawsuits in response to a May 23 decision by the Prince George’s County Council to approve a zoning plan that would bar the placement of fuel storage tanks in certain parts of the county. The company argues that its proposed LNG peak shaving tank is necessary to boost natural gas supply, helping to keep costs low for consumers. Details are in The...
Wachovia Reports on Increased Send-Out from Elba Island LNG Terminal
Posted on Jun 15, 2006 in Markets and Competition | Comments Off on Wachovia Reports on Increased Send-Out from Elba Island LNG Terminal
Yesterday’s Platts LNG Daily reports that weak demand for LNG in Europe, increased U.S. power generation, and competitive natural gas prices in the United States have increased send-out from the Elba Island LNG terminal to levels higher than “initially” expected, according to a client memorandum released yesterday by Wachovia. On Tuesday, the facility operated at...