Puerto Rico LNG Terminal Contracted to Supply Gas for Power Plant
Posted on May 25, 2007 in Regas Terminals & Capacity | Comments Off on Puerto Rico LNG Terminal Contracted to Supply Gas for Power Plant
Puerto Rico’s only LNG terminal, located in Penuelas and owned by Gas Natural affiliate EcoElectrica, has been awarded a contract to supply 700 million cubic meters/year of natural gas to the soon-to-be converted Aguirre power plant. The Puerto Rico Electric Authority has also approved plans to convert another oil-fired plant to natural gas. Platts LNG Daily provides further...
Op-Ed: Developers Must Prove Need Before Building LNG Terminals
Posted on May 25, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Op-Ed: Developers Must Prove Need Before Building LNG Terminals
An op-ed carried in the Santa Monica Mirror suggests that before any LNG projects are approved for California’s coastline, a thorough process is needed to establish that LNG is necessary to sustain the state’s future energy...
New Advocacy Group Requests Weaver’s Cove Deed Restrictions Agreement
Posted on May 25, 2007 in Environmental, Regas Terminals & Capacity, State and Local Issues | Comments Off on New Advocacy Group Requests Weaver’s Cove Deed Restrictions Agreement
The Herald News (Fall River, Mass.) reports that a recently-formed environmental group, Citizens for Environmental Justice, will request a copy of the full agreement reached between Shell Oil Products US and Weaver’s Cove LNG regarding deed restrictions and future land use. If the companies do not show that their agreement meets all the deed restrictions, the group plans to bring...
Neptune LNG Signs Lease for Office Facility
Posted on May 25, 2007 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Neptune LNG Signs Lease for Office Facility
The Gloucester Daily Times reports that Suez North America has leased office space in a Gloucester, Mass., marine terminal that will serve as its local headquarters for the Neptune LNG project. The term of the lease begins on July 1 and extends through the 20-year expected life span of the proposed terminal. Suez believes the move will generate approximately $10 million for the...
LIPA CEO: Broadwater May Not Benefit Electric Ratepayers
Posted on May 25, 2007 in Regas Terminals & Capacity, State and Local Issues | Comments Off on LIPA CEO: Broadwater May Not Benefit Electric Ratepayers
Newsday reports that Long Island Power Authority (LIPA) chief executive Richard Kessel said that benefits from the Broadwater proposal will not be as great for Long Islanders as other electricity consumers. Kessel, citing an unreleased report on economic impacts of the Broadwater LNG proposal, said that “if Long Island is going to house [the Broadwater LNG terminal], Long Island...