Dow Chemical Anticipates Greater Liquefaction Capacity Worldwide
Posted on Jun 6, 2007 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Dow Chemical Anticipates Greater Liquefaction Capacity Worldwide
The CEO of Dow Chemical Company, Andrew Liveris, announced that Dow would wait to secure long-term supply contracts for its stake in the Freeport LNG terminal until additional LNG liquefaction facilities come online. Liveris told Reuters that after early 2008 Dow will be able to take advantage of a supply-demand imbalance in LNG, which he predicts will occur as a result of more...
Dominion Considers MLP for Cove Point Terminal
Posted on Jun 6, 2007 in E&P, Markets and Competition, Regas Terminals & Capacity | Comments Off on Dominion Considers MLP for Cove Point Terminal
Reuters reports that the CEO of Dominion Resources Inc. indicated yesterday that Dominion is considering restructuring its ownership of the Cove Point regasification terminal to become a master limited partnership (MLP). According to the report, Dominion will not consider making the change until the current expansion of the terminal is completed; the expansion is expected to be in...
Canadian Firms to Fill U.S. LNG Regasification Gap
Posted on Jun 6, 2007 in Canada & Mexico, Environmental, Regas Terminals & Capacity, State and Local Issues | Comments Off on Canadian Firms to Fill U.S. LNG Regasification Gap
The Edmonton Journal (via LexisNexis, subscription required) reports that Canadian firms are seeking to fill the gap in U.S. supply and demand for LNG regasification capacity by importing LNG to Canada for export as natural gas to the United States. The article also describes the extensive public consultation process executed by Petro-Canada and TransCanada Corp. in their successful...
Mass. DEP Pauses Weaver’s Cove Review Pending Coast Guard Approval
Posted on Jun 5, 2007 in Environmental, Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on Mass. DEP Pauses Weaver’s Cove Review Pending Coast Guard Approval
The Associated Press (via Boston Globe) reports that the Massachusetts Department of Environmental Protection will suspend its review of the Weaver’s Cove LNG project because of navigational safety, security, and environmental concerns raised by the U.S. Coast Guard. MassDEP’s acting commissioner stated that “[w]hile preliminary in nature, the substance and outcome of...
MARAD to Sign LNG Training Agreement with Maritime Academies and Unions
Posted on Jun 5, 2007 in Federal Regulation, Vessel Transportation | Comments Off on MARAD to Sign LNG Training Agreement with Maritime Academies and Unions
MARAD announced yesterday that Maritime Administrator Sean T. Connaughton will sign an agreement with the major U.S. maritime academies and seafaring unions to implement training standards for crews aboard LNG carriers. According to the press release, “[t]he agreement will help expand the pool of U.S. mariners qualified to sail the ships in the growing worldwide LNG fleet.”...