City Council Passes Resolution Opposing LNG Projects Proposed for the Columbia River
Posted on Mar 13, 2008 in Environmental, Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on City Council Passes Resolution Opposing LNG Projects Proposed for the Columbia River
The Forest Grove (Ore.) City Council unanimously approved a resolution earlier this week which opposes the two LNG projects proposed for the Columbia River, Oregon LNG and Bradwood Landing LNG, as well as the pipelines associated with the projects. The City Council cited potential risks to the surrounding natural resources and water supply as reasons to oppose the projects. The...
NATS: As Gas Prices Rise, U.S. Market Becomes More Attractive to LNG Exporters
Posted on Mar 12, 2008 in Markets and Competition | Comments Off on NATS: As Gas Prices Rise, U.S. Market Becomes More Attractive to LNG Exporters
NATS reports that as U.S. natural gas prices increase, the American gas market becomes more attractive to LNG exporters. NATS notes that NYMEX futures rose to over $10/mmBTU yesterday, inching closer to the level the consulting firm believes necessary to attract more LNG shipments to the United States. Should U.S. gas prices remain strong, NATS predicts that more cargos will start...
Editorial: Industry Record Does Not Substantiate Fears over Elba Island Expansion
Posted on Mar 12, 2008 in Regas Terminals & Capacity, Safety & Security, State and Local Issues | Comments Off on Editorial: Industry Record Does Not Substantiate Fears over Elba Island Expansion
Citing a long history of good safety practices and few accidents involving LNG in the Untied States, an editorial in the Savannah Morning News argues that safety concerns registered by opponents to the Elba Island LNG expansion project are not justified. The editorial concludes that “government action should be based on science, not...
Daily Letters to the Editor
Posted on Mar 12, 2008 in Regas Terminals & Capacity, State and Local Issues | Comments Off on Daily Letters to the Editor
Baltimore Sun (two letters in favor of Sparrows Point LNG project)
Consultant: As LNG Imports Increase, Expect Gas Prices to Decline
Posted on Mar 12, 2008 in Canada & Mexico, Markets and Competition | Comments Off on Consultant: As LNG Imports Increase, Expect Gas Prices to Decline
While natural gas prices in North America rose by 7% last week due to winter storms and rising crude oil prices, Bill Gwozd of Ziff Energy Group told the Calgary Herald that he expects gas prices to decline over the long term. Gwozd cited a weak economy and increasing LNG imports to the U.S. as reasons for potentially falling natural gas prices, saying there will be “more supply...