Dubai LNG Storage Hub Planned
Posted on Aug 22, 2006 in Blog, LNGLawBlog, Markets and Competition, Regas Terminals & Capacity, Storage | Comments Off on Dubai LNG Storage Hub Planned
Two Dubai government entities have joined with LNG Impel, a subsidiary of Galveston LNG, to develop an LNG storage hub in Dubai. With a total storage capacity of 40 to 65 bcf, the partners predict that the $1 billion project will offer flexibility to buyers and sellers, allowing them to capitalize on seasonal price variations, and will help develop a global spot market and support...
BP Halts Development of Pelican Island LNG Terminal
Posted on Aug 22, 2006 in Litigation, Markets and Competition, Regas Terminals & Capacity | Comments Off on BP Halts Development of Pelican Island LNG Terminal
The Galveston Daily News today reports that BP has decided not to proceed at this time with its plans to construct an LNG regasification terminal on Pelican Island in Galveston, Texas. BP spokesman Neil Geary characterized the company’s decision not to file a permit application with FERC as “strictly a business decision that has nothing to do with either politics or...
U.S. Embassy Supports Bahamian LNG Terminal
Posted on Aug 21, 2006 in LNGLawBlog, Policy, Legislation and Politics, Regas Terminals & Capacity | Comments Off on U.S. Embassy Supports Bahamian LNG Terminal
Deputy Chief of Mission at the U.S. Embassy in Nassau, Dr. Brent Hardt, said in a radio interview August 20 that he supports siting an LNG terminal in the Bahamas. “There would be a steady flow of resources to the government that can be used for a variety of good purposes,” he said, adding that while every industry presents environmental risks, LNG does not present...
North Bend Council Disapproves of Jordan Cove Pipeline; Coos Bay Council Reserves Judgment
Posted on Aug 21, 2006 in LNGLawBlog, Pipelines, Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on North Bend Council Disapproves of Jordan Cove Pipeline; Coos Bay Council Reserves Judgment
The World reports that the North Bend City Council sent a one-sentence statement to FERC last week to express its opposition to the construction of the pipeline associated with the Jordan Cove LNG terminal. Meanwhile, the Coos Bay City Council remains undecided about the pipeline and has asked city staff to research the positions taken by North Bend and others, and to report its...
New Boat Launch Under Construction at Potential LNG Terminal Site
Posted on Aug 21, 2006 in LNGLawBlog, Regas Terminals & Capacity, State and Local Issues | Comments Off on New Boat Launch Under Construction at Potential LNG Terminal Site
The August 19 Bangor Daily News reports on uncertainty surrounding the construction of a new, government-funded boat launch at Split Rock on the Passamaquoddy reservation. Spokespersons for the U.S. Department of Agriculture’s Rural Development program, which provided $150,000 for the project, and Maine’s Small Harbor program, which provided $50,000, indicated that the...