Analyst: LNG Spot Market Growing
Posted on May 24, 2007 in Markets and Competition | Comments Off on Analyst: LNG Spot Market Growing
An analyst with Merrill Lynch told attendees at the 6th Annual Platts LNG Conference that he believes the global spot market for LNG will continue to grow, eventually following the oil market model. Steve Hanan, director of global commodities and origination for Merrill Lynch, said that trading houses such as Merrill Lynch can participate in the LNG spot market in the short term by...
Report: LNG an Option for Hawaii’s Energy Needs
Posted on May 23, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Report: LNG an Option for Hawaii’s Energy Needs
A report entitled “Evaluating Natural Gas Import Options for the State of Hawaii,” produced for the Hawaii Energy Policy Forum, found that declining costs in the LNG value chain may make LNG imports a viable alternative to oil-based power generation in the state. The report concludes that an LNG facility could displace 20% of the state’s oil consumption within seven...
New Ship Propulsion System Destined for U.S. Ports
Posted on May 23, 2007 in Technology, Vessel Transportation | Comments Off on New Ship Propulsion System Destined for U.S. Ports
Lloyd’s List reports that a new fleet of five membrane-type newbuilds with capacities of 265,000 m3 will employ cryogenic equipment designed by Cryostar, a subsidiary of the Linde Group. These LNG carriers, likely to be used to transport LNG from Qatar to the United States, will utilize a propulsion system that burns both boil-off gas and diesel fuel, a method designed to...
New Brunswick Town’s Land Use Plan Opposes LNG Proposals
Posted on May 23, 2007 in Canada & Mexico, Regas Terminals & Capacity, State and Local Issues | Comments Off on New Brunswick Town’s Land Use Plan Opposes LNG Proposals
The Town of St. Andrews, New Brunswick, unveiled its future land use plan yesterday. Citing the town’s tourist industry and reputation for small-town charm, the Telegraph-Journal [subscription required] reports that the plan specifically opposes the LNG projects proposed for the coast of Maine, directly across Passamaquoddy Bay from St. Andrews. A June 26 meeting will be held at...
El Paso Official: LNG Imports to Encourage Pipeline and Storage Investment
Posted on May 23, 2007 in Markets and Competition, Storage | Comments Off on El Paso Official: LNG Imports to Encourage Pipeline and Storage Investment
El Paso vice president Patrick Johnson, speaking at the 6th Annual Platts LNG Conference, predicted that LNG imports would encourage investment in pipeline and storage capacity in the lower 48 states. Citing a trend of diminishing Canadian exports and the increasing costs of the Mackenzie and Alaska pipeline proposals, Johnson suggested that the best way to make up the supply shortfall...