Hoegh calls U.S. and U.K. Terminals “Complementary”
Posted on Feb 22, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Hoegh calls U.S. and U.K. Terminals “Complementary”
In an interview with Platts LNG Daily [subscription required], Ragnar Wisloff, a Hoegh LNG vice president, described Hoegh’s Port Dolphin LNG proposal off Florida’s west coast as “complementary” to its Port Meridian terminal proposed for the East Irish Sea. Wisloff said that since the two terminals will have different peak demand periods (Port Dolphin’s in...
FERC Denies Rehearing in Elba Expansion
Posted on Feb 22, 2008 in Federal Regulation, Policy, Legislation and Politics, Regas Terminals & Capacity | Comments Off on FERC Denies Rehearing in Elba Expansion
The Commission issued an order Tuesday denying rehearing and granting reconsideration of Southern LNG, Inc.’s Elba Island expansion project (Elba III). Notably, FERC rejected charges by Marathon LNG that the Commission exceeded its statutory authority by approving rates related to the Section 3 expansion and violated FERC rules by the manner in which the rates were approved. FERC...
Experts: Asian Gas Prices Enticing LNG Shipments from U.S. Market
Posted on Feb 22, 2008 in Markets and Competition | Comments Off on Experts: Asian Gas Prices Enticing LNG Shipments from U.S. Market
Speaking to the International Petroleum Week conference, FACTS Global Energy CEO Fereidun Fesharaki said that between 10 and 15 million tons of Qatari LNG could be diverted from U.S. destinations to Asia by 2015. In an interview with Bloomberg News (carried via the Houston Chronicle), Riccardo Crivari, manager of LNG shipping for EA Gibson Shipbrokers Ltd., said that LNG traders...
Construction Begins on Gulf LNG Terminal
Posted on Feb 22, 2008 in Liquefaction, Regas Terminals & Capacity | Comments Off on Construction Begins on Gulf LNG Terminal
El Paso Corp. confirmed to Reuters that construction has begun on the Gulf LNG terminal, with targeted completion set for sometime in 2011. Reuters reports that Wood Mackenzie LNG analyst Frank Harris said that the Gulf LNG project is different from other U.S. LNG projects because “they’re part of an integrated [supply] chain back to Angola.” The Gulf LNG terminal,...
Supply Talks Underway for Sonora LNG
Posted on Feb 21, 2008 in Canada & Mexico, Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Supply Talks Underway for Sonora LNG
Business News Americas (carried via Energy Current) reports that, according to a source close to the project, El Paso Corp. and DKRW Energy are currently communicating with potential suppliers for their Sonora LNG project. The source did not say which companies are involved in the discussions, nor offer an estimate for when the LNG supply would be...