Anadarko to Sell Bear Head LNG Project
Posted on Jul 10, 2006 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Anadarko to Sell Bear Head LNG Project
Anadarko Petroleum Corp. today announced that it will sell its Bear Head LNG project in Nova Scotia to U.S. Venture Energy for $125 million, but has retained an 18-month option to secure up to 350 MMcf/d of capacity at “competitive” rates. “With the sale, we are recovering our investment and a reasonable premium, while retaining the ability to supply LNG to the...
Secretary Bodman Calls for Approval of Alaska Natural Gas Pipeline
Posted on Jul 7, 2006 in Federal Regulation, Markets and Competition, Pipelines, Policy, Legislation and Politics, Safety & Security | Comments Off on Secretary Bodman Calls for Approval of Alaska Natural Gas Pipeline
Citing the need to augment domestic supply of natural gas, DOE Secretary Samuel Bodman urged Alaska Gov. Frank Murkowski to expedite the construction of the Alaska Natural Gas Pipeline Project, which would transport natural gas from Alaska’s North Slope to U.S. Midwest markets. In a letter sent to Murkowski Wednesday, Bodman warned that a delay could jeopardize the project by...
Op-ed: New LNG Projects Would Supplement Everett LNG Terminal
Posted on Jul 7, 2006 in Regas Terminals & Capacity, Safety & Security | Comments Off on Op-ed: New LNG Projects Would Supplement Everett LNG Terminal
Julie A. Vitek, director of external affairs for Distrigas of Massachusetts, dismisses an editorial by the Boston Herald suggesting that an offshore LNG facility should replace the Everett LNG terminal because of a security breach in the area last week. She says that additional LNG terminals would only complement the Everett facility in order to meet rising consumer demand for natural...
Kitimat LNG Seeks Supply and Shipping Contracts
Posted on Jul 7, 2006 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Kitimat LNG Seeks Supply and Shipping Contracts
Kitimat LNG last week hosted representatives from international energy companies at a meeting to gauge interest in supply and shipping contracts for its proposed LNG terminal in British Columbia. According to Kitimat LNG president Rosemary Boulton, the company is attempting to stay ahead of competing proposals in the United States by soliciting partnerships with prospective suppliers...
State and Local Officials Seek Greater Control Over Long Island Sound
Posted on Jul 6, 2006 in Environmental, Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on State and Local Officials Seek Greater Control Over Long Island Sound
Suffolk Life Newspapers reports on state and county legislative initiatives aimed at blocking Broadwater Energy’s proposed LNG terminal for Long Island Sound. On June 23, the New York State Assembly passed a bill spearheaded by Assemblymen Fred Thiele (R-Bridgehampton) and Marc Alessi (D-Wading River) that would create a permit process for any proposed industrial use of the...