New York State Delays Ruling on Broadwater LNG Proposal
Posted on Feb 11, 2008 in Regas Terminals & Capacity, State and Local Issues | Comments Off on New York State Delays Ruling on Broadwater LNG Proposal
The New York State Department of State and Broadwater Energy have agreed to extend, by an additional 60 days, the Department’s deadline to decide on the Broadwater LNG proposal. A spokesperson for Governor Eliot Spitzer (D-N.Y.) told Newsday that the Department of State sought the extension to study the complex issue more...
NATS Releases Analysis of 2007 U.S. LNG Imports
Posted on Feb 11, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS Releases Analysis of 2007 U.S. LNG Imports
NATS released its analysis of U.S. LNG imports for 2007, noting that 2007 saw an increase of 15% in imports over 2006. NATS reports that the BG Group was the largest importer of LNG to the U.S. market, holding a 54.7% market share. NATS also reports that Trinidad and Tobago, with a 58.5% market share, remains the largest country of origin of U.S. LNG imports....
Gazprom’s Decision on Baltic LNG Affects Gros Cacouna LNG Proposal
Posted on Feb 11, 2008 in Canada & Mexico, Liquefaction, Regas Terminals & Capacity | Comments Off on Gazprom’s Decision on Baltic LNG Affects Gros Cacouna LNG Proposal
The Canadian Press reports that Gros Cacouna LNG developers Petro-Canada and TransCanada Corp. said that they will “re-evaluate” their options following Gazprom’s decision to scrap its Baltic LNG liquefaction project. The developers had expected that Baltic LNG would provide a consistent supply of LNG for Gros Cacouna...
El Paso Secures 50% Stake in Gulf LNG Project
Posted on Feb 11, 2008 in Financing, Regas Terminals & Capacity | Comments Off on El Paso Secures 50% Stake in Gulf LNG Project
Platts LNG Daily [subscription required] reports that El Paso has closed on its acquisition of a 50% stake in the Gulf LNG project. Platts notes that an El Paso subsidiary is overseeing construction of the project and will also serve as the operator of the terminal when commercial operations...
Start-Up of Costa Azul LNG Project Delayed
Posted on Feb 7, 2008 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Start-Up of Costa Azul LNG Project Delayed
Platts LNG Daily [subscription required] reports that, as construction of Sempra Energy’s Energia Costa Azul LNG terminal remains behind schedule, a commissioning cargo waits idly in the Gulf of Oman. A Sempra spokesperson told Platts that the regasification facility is 96% complete but declined to comment on what remains to be finished before the facility can open. The company...