U.S. House of Representatives Approves Expansion of Iran Sanctions Act
Posted on Aug 1, 2007 in Federal Regulation, Policy, Legislation and Politics | Comments Off on U.S. House of Representatives Approves Expansion of Iran Sanctions Act
The U.S. House of Representatives yesterday approved H.R. 957, legislation that expands the scope of the Iran Sanctions Act to prevent investment in the country’s LNG industry. The bill would also seek to hold U.S. companies accountable for the investments of their foreign subsidiaries in Iran. The Iran Sanctions Act establishes penalties for foreign energy companies that invest...
NATS: July LNG Imports to United States Third-Highest Monthly Total of 2007
Posted on Aug 1, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS: July LNG Imports to United States Third-Highest Monthly Total of 2007
NATS reports that U.S. LNG imports for the first seven months of 2007 totaled 524.3 Bcf, compared with 354.1 Bcf during the same period last year. The United States imported 86.6 Bcf of LNG in July, making it the third highest month of 2007 for U.S. LNG imports behind May and April, respectively. NATS cites increases at the Trunkline LNG terminal in Lake Charles, La., the Cove Point...
LIPA Releases Broadwater LNG Report
Posted on Aug 1, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on LIPA Releases Broadwater LNG Report
The Long Island Power Authority (LIPA) released a report yesterday prepared by a private consulting firm that estimates that the proposed Broadwater LNG terminal will save New York gas consumers approximately $14.8 billion between 2010 and 2020, or about $300 per household annually. The report does not suggest that natural gas rates will be lower than current levels, but rather that...
Environmental Groups Predict Opposition to New WestPac LNG Proposal
Posted on Aug 1, 2007 in Canada & Mexico, Environmental, Regas Terminals & Capacity | Comments Off on Environmental Groups Predict Opposition to New WestPac LNG Proposal
Following yesterday’s announcement by WestPac LNG Corp. of its intention to develop an LNG import terminal and power plant on Texada Island, British Columbia, some environmental groups are predicting stiff opposition to the project, the Financial Post (Canada) reports. Karen Campbell, staff counsel for the Pembina Institute, said, “The Sunshine Coast and all of the Gulf...