Nuon: LNG Markets in North America and Europe Will Not Converge Completely
Posted on Jun 21, 2007 in Markets and Competition | Comments Off on Nuon: LNG Markets in North America and Europe Will Not Converge Completely
Platts LNG Daily reports that the director of natural gas and LNG for Nuon, a Dutch utility, predicts that North American and European gas markets will see only limited convergence as more LNG is imported to the two markets because both markets are driven by local supply-and-demand fundamentals. [Suscription...
FERC: Oregon LNG Can Begin NEPA Pre-filing Process
Posted on Jun 21, 2007 in Federal Regulation, Regas Terminals & Capacity | Comments Off on FERC: Oregon LNG Can Begin NEPA Pre-filing Process
FERC announced Tuesday that it accepted Oregon LNG’s request to complete the National Environmental Policy Act (NEPA) pre-filing process under Docket No. PF07-10. The letter also announces that FERC selected HDR Engineering, Inc. as the third party contractor for the Oregon LNG project. Oregon LNG’s press release provides further...
Experts: LDCs May Not Immediately Sign Long-Term Contracts
Posted on Jun 21, 2007 in Markets and Competition | Comments Off on Experts: LDCs May Not Immediately Sign Long-Term Contracts
Platts LNG Daily reports that a panel of experts at the LNG North American Summit 2007 predicted that U.S. local distribution companies (LDCs), though pressured by LNG terminal developers and gas suppliers, would be hesitant to enter into any long-term agreements to distribute gas imported as LNG. One VP of an LDC said that local distributors see LNG as just another source of gas and...
Excelerate Begins Paying Mitigation Funds
Posted on Jun 21, 2007 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Excelerate Begins Paying Mitigation Funds
Gloucester Daily Times reports that Excelerate Energy LLC has distributed almost all of the $23.5 million in mitigation funds required by Massachusetts as a condition for approving construction of Excelerate’s offshore LNG receiving terminal. Excelerate VP told the paper that the funds were paid prior to construction. Suez LNG agreed to a mitigation package related to its...
Economic Study Offers Potential Benefits for Oregon Communities
Posted on Jun 21, 2007 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Economic Study Offers Potential Benefits for Oregon Communities
A study performed by an economist at the University of Oregon predicts that an LNG terminal located in the Pacific Northwest would support 5,100-20,300 additional jobs and increase household income by as much as $214 million. The Daily Astorian reports that critics of the report contend that the study offers an overly optimistic economic forecast and is biased in favor of the...