Lynn City Council Drafts Measure to Bolster Security at LNG Facility
Posted on Sep 14, 2006 in Policy, Legislation and Politics, Safety & Security, State and Local Issues, Storage | Comments Off on Lynn City Council Drafts Measure to Bolster Security at LNG Facility
In the wake of a security lapse last month at a KeySpan LNG storage facility in Lynn, Mass., the City Council has prepared a draft ordinance setting forth certain security measures that LNG facilities located in the city must implement in order to secure a flammable liquids license, which must be renewed annually. The council’s proposal would direct facility operators to report a...
Environmental Activist Criticizes Government for Bahamian LNG Development
Posted on Sep 14, 2006 in Environmental, Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Environmental Activist Criticizes Government for Bahamian LNG Development
The director of the environmental activist group reEarth criticized Prime Minister Perry Christie’s administration for saying it “is simply honoring the LNG policy that was put in place” by the former ruling party, the Free National Movement. “This decision cannot be thrown in the FNM’s lap,” she said, adding that the current government’s...
EIA: U.S. LNG Imports to Reach 940 Bcf in 2007
Posted on Sep 14, 2006 in Federal Regulation, Markets and Competition | Comments Off on EIA: U.S. LNG Imports to Reach 940 Bcf in 2007
According to projections released by the Energy Information Administration on September 12, the U.S. is expected to import 940 Bcf of LNG in 2007, which is down from EIA’s earlier predictions. It would mark an approximately 34% increase, however, from estimated 2006 imports, which EIA projects will reach 700 Bcf. Platts LNG Daily has further analysis. [Subscription...
BP and Gazprom Agree to Supply LNG to Atlantic Basin Markets
Posted on Sep 14, 2006 in Markets and Competition, Regas Terminals & Capacity | Comments Off on BP and Gazprom Agree to Supply LNG to Atlantic Basin Markets
BP and Gazprom Marketing and Trading Ltd., the U.K. subsidiary of Russia’s Gazprom, have reached an agreement under which BP will sell certain of its cargoes to Gazprom, which, in turn, will sell the LNG in Atlantic basin markets. The business venture will cover shipments made during the remainder of 2006 and early 2007. The first cargo of 135,000 m3 was loaded yesterday at...
Bahamian Government Finalizing LNG Regulations
Posted on Sep 14, 2006 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Bahamian Government Finalizing LNG Regulations
Bahamian Minister in Energy and Environment Dr. Marcus Bethel says that regulations “of the highest order” will govern the country’s LNG industry and are expected to be finalized within two months. The Bahama Journal reports that the regulations will reflect the high standards of those implemented in countries with LNG regasification facilities, including the United...