Analysis: Underground Storage Essential to U.S. LNG Market
Posted on Jul 11, 2007 in Markets and Competition, Storage | Comments Off on Analysis: Underground Storage Essential to U.S. LNG Market
An analysis in World Gas Intelligence offers insight into the importance of underground storage to the U.S. LNG market, citing the ability to absorb regasified supplies during periods of relatively low demand. The piece points to the expansion at the Cove Point LNG regasification terminal as the major storage source on the East Coast and predicts that much of this storage capacity will...
NATS: Trans-Atlantic Price Spread Shrinks
Posted on Jul 10, 2007 in Markets and Competition | Comments Off on NATS: Trans-Atlantic Price Spread Shrinks
NATS LNG Week in Review reports that natural gas prices in the United States fell due to the Independence Day holiday while UK prices rose dramatically, closing the Trans-Atlantic price spread to only 9¢/MMBtu by the end of last week. However, NATS predicts that due to mild weather and a lack of European storage capacity, LNG spot cargos will continue to prefer U.S. destinations until...
Critics Mobilize to Oppose Rabaska Terminal
Posted on Jul 10, 2007 in Canada & Mexico, Environmental, Regas Terminals & Capacity | Comments Off on Critics Mobilize to Oppose Rabaska Terminal
The Montreal Gazette reports that critics of the planned Rabaska LNG terminal near Quebec have dubbed the project “Suroit II,” in reference to a proposed power plant that environmentalists successfully opposed in 2004. The opposition’s leader, former environment minister Thomas Mulcair, said, “We are looking at a project that is for the American market. Why are...
Broadwater Opponents Request Meeting with N.Y. State Senate Leader
Posted on Jul 10, 2007 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Broadwater Opponents Request Meeting with N.Y. State Senate Leader
Newsday reports that, in response to N.Y. State Senate Majority Leader Joe Bruno’s (R-Rensalaer) meeting with the developers of the proposed Broadwater LNG terminal, the opposition group Citizens Campaign for the Environment sent a letter to the senator’s office on Friday seeking a similar meeting. Sen. Bruno’s office did not confirm whether the senator would meet...
Rabaska LNG Proposal Receives Positive Response from Canadian Risk Assessment Panel
Posted on Jul 9, 2007 in Canada & Mexico, Environmental, Regas Terminals & Capacity, Safety & Security | Comments Off on Rabaska LNG Proposal Receives Positive Response from Canadian Risk Assessment Panel
The Rabaska LNG terminal proposal for Lévis, Quebec, received provisional approval from a joint Canadian-Quebec panel, the Canadian Environmental Assessment Agency announced in a press release. The panel released its report Thursday and cited two major concerns: safety and security and integrating the project’s port and facilities into the zone under development. The panel also...