Daily Letters to the Editor
Posted on Jan 9, 2008 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Daily Letters to the Editor
Daily Astorian (in favor of Bradwood Landing LNG proposal)
Contango Sells Interest in Freeport LNG Project
Posted on Jan 9, 2008 in Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on Contango Sells Interest in Freeport LNG Project
Yesterday, Contango Oil & Gas Company announced that it has sold its 10% interest in Freeport LNG to a major Asian utility company. Contango’s press release (carried via Reuters) states that the sale was for approximately $68 million and that part of the proceeds will be used to prepay an outstanding loan, with the remaining funds to be used for Contango’s working...
Analyst: LNG Imports will Utilize Storage Capacity Growth Near Gulf Coast
Posted on Jan 9, 2008 in Markets and Competition, Storage | Comments Off on Analyst: LNG Imports will Utilize Storage Capacity Growth Near Gulf Coast
Speaking to a client forum last week, James Diemer of Pace Global predicted that anticipated increases in LNG imports to the Gulf Coast will become the market drivers for the new storage capacity being added in the region, Platts LNG Daily reports. Diemer noted that, in addition to increased LNG imports, a tightening credit market and the regulatory review process will likely prevent...
Alaska Offers Details on Rejections of Natural Gas Pipeline Proposals
Posted on Jan 9, 2008 in Pipelines, State and Local Issues | Comments Off on Alaska Offers Details on Rejections of Natural Gas Pipeline Proposals
Platts LNG Daily [subscription required] offers coverage of details released by Alaskan state officials explaining their decision to reject four of the five applications submitted to build a natural gas pipeline from producing fields on the North Slope. TransCanada’s gas pipeline application was the only one that met all of the state’s requirements under the Alaska Gasline...
U.S. Coast Guard Announces Temporary Safety Zones Around Northeast Gateway
Posted on Jan 8, 2008 in Federal Regulation, Marine Regulation, Regas Terminals & Capacity, Safety & Security | Comments Off on U.S. Coast Guard Announces Temporary Safety Zones Around Northeast Gateway
The U.S. Coast Guard announced today in the Federal Register the establishment of two temporary safety zones, effective today through May 7, 2008, around Excelerate Energy’s Northeast Gateway Deepwater Port. The 500 meter buffer zones prohibit entry and transit by all unauthorized...