New York Lawmakers Hear Findings of GAO Report
Posted on Apr 18, 2007 in Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on New York Lawmakers Hear Findings of GAO Report
The congressional Government Accountability Office (GAO) presented to local officials in Suffolk County, New York, the findings from its report on potential hazards facing LNG terminals. A representative of Broadwater LNG stated that the report’s most important finding was that “a catastrophic event with LNG was unlikely.” A Suffolk County legislator, on the other...
Experts: U.S. Terminals to Operate at Under 50% Combined Capacity
Posted on Apr 18, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Experts: U.S. Terminals to Operate at Under 50% Combined Capacity
Citing higher gas prices in Europe and Asia as well as the growing accessibility of unconventional onshore gas sources, industry experts predict that U.S. LNG regasification terminals will on average operate at 50% or less of annual capacity. Platts LNG Daily provides more information. [Subscription...
Executive Confident Weaver’s Cove Terminal will be Built
Posted on Apr 18, 2007 in Regas Terminals & Capacity | Comments Off on Executive Confident Weaver’s Cove Terminal will be Built
Platts LNG Daily reports that Hess LNG CEO Gordon Shearer is confident that the company’s Weaver’s Cove project will be built, despite local opposition. Shearer expects the Weaver’s Cove LNG terminal to have all necessary permits in the next 12 months and begin operations in 2011. [Subscription...
Connecticut’s LNG Task Force to Issue Own Report After Reviewing GAO Report
Posted on Apr 18, 2007 in Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on Connecticut’s LNG Task Force to Issue Own Report After Reviewing GAO Report
The Connecticut Post Online reports that the Connecticut state government’s Long Island Sound Liquefied Natural Gas Task Force held an informational meeting Monday on the recent LNG safety report by the U.S. Government Accountability Office. The task force plans to issue its own report in the coming...
California Market More Likely to Support a Swing Facility Rather Than Baseload
Posted on Apr 18, 2007 in Regas Terminals & Capacity | Comments Off on California Market More Likely to Support a Swing Facility Rather Than Baseload
World Gas Intelligence reports that pressure from the global LNG market and relatively weak demand for LNG on the U.S. West Coast makes California better suited for a swing facility, such as Woodside’s Oceanway project, as opposed to a baseload facility. An analyst with Wood Mackenzie suggests that the Cabrillo Port LNG project, which appears to be designed as a baseload...