Industry Analyst Suggests American Gas Market Is Oversupplied
Posted on Jan 7, 2008 in Markets and Competition | Comments Off on Industry Analyst Suggests American Gas Market Is Oversupplied
Jon Wolff, an energy analyst with Credit Suisse, told Platts LNG Daily last week that he believes that the U.S. gas market is oversupplied, in part due to expanded LNG imports. Wolff said that in spite of this, U.S. domestic gas production should peak, causing the market to shift more heavily to LNG imports. [Subscription...
Firm’s Handling of LNG Terminal and Nearby Pipeline May Create Conflict of Interest
Posted on Jan 7, 2008 in Federal Regulation, Regas Terminals & Capacity, State and Local Issues | Comments Off on Firm’s Handling of LNG Terminal and Nearby Pipeline May Create Conflict of Interest
The Oregonian reports that Oregon regulators have voiced concerns over the potential conflict of interest of an energy consulting firm during the environmental review process of both an LNG terminal proposed for Oregon and a gas pipeline that may connect to the proposed terminal. A conflict would exist if the two projects are deemed related, but the firm, Natural Resources Group...
Snohvit to Resume Production Later This Month
Posted on Jan 4, 2008 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Snohvit to Resume Production Later This Month
A spokesperson for StatoilHydro told Platts LNG Daily [subscription required] that the company expects to resume production at its Snohvit LNG liquefaction plant later this month. Activities at the facility were suspended last November because several pipes had leaked seawater. According to Platts, StatoilHydro expects to deliver a substantial portion of its Snohvit production to the...
Northeast Gateway LNG Terminal Completes Construction
Posted on Jan 4, 2008 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Northeast Gateway LNG Terminal Completes Construction
The Gloucester Daily Times reports that Excelerate Energy has completed construction of its Northeast Gateway Energy Bridge terminal and now is awaiting an operations permit from the U.S. Coast Guard. A Coast Guard spokesperson told the publication that she could not offer an estimate of when the permit might be...
Environmental Group Sees Role in OceanWay LNG Review Process
Posted on Jan 4, 2008 in Environmental, Federal Regulation, Regas Terminals & Capacity, State and Local Issues | Comments Off on Environmental Group Sees Role in OceanWay LNG Review Process
Malibu Surfside News reports that the Center for Biological Diversity (CBD) will be opposing Woodside’s OceanWay LNG terminal proposed for offshore Southern California. An attorney for the CBD indicated that the group has not decided exactly what role it will play in the project, but suggested that the group will be active. The CBD has already contacted state and federal...