ExxonMobil CEO: U.S. Will Struggle to Compete for LNG Supplies
Posted on Mar 6, 2008 in Markets and Competition | Comments Off on ExxonMobil CEO: U.S. Will Struggle to Compete for LNG Supplies
Speaking to analysts in New York City, ExxonMobil CEO Rex Tillerson predicted that the United States will struggle to compete globally for supplies of LNG. Reuters carries the story.
County Board Delays Vote on Bradwood Landing LNG Proposal
Posted on Mar 6, 2008 in Regas Terminals & Capacity, State and Local Issues | Comments Off on County Board Delays Vote on Bradwood Landing LNG Proposal
The Daily Astorian reports that the Clatsop County Board of Commissioners yesterday completed a first reading of the resolution and order it will vote on to change the county’s land-use laws to allow for construction of the proposed Bradwood Landing LNG terminal. However, the Board delayed a final vote until March 18,...
Analysts Uncertain When U.S. LNG Imports Will Increase
Posted on Mar 6, 2008 in Markets and Competition | Comments Off on Analysts Uncertain When U.S. LNG Imports Will Increase
Platts LNG Daily reports that several energy consulting firms and analysts are uncertain whether LNG imports to the U.S. market will increase in the near future. The analysts anticipate a continued impact from various global market conditions, including a drought in Spain, nuclear power generation problems in Japan, high oil prices, and insufficient global liquefaction capacity to...
Spectra Energy Official: Offshore LNG Terminals Becoming Preferred Over Onshore Facilities
Posted on Mar 5, 2008 in Regas Terminals & Capacity | Comments Off on Spectra Energy Official: Offshore LNG Terminals Becoming Preferred Over Onshore Facilities
Patrick Hester, associate general counsel for Spectra Energy, told an audience at a Law Seminars International conference that offshore LNG import projects are becoming more attractive to investors due to heavy opposition to onshore facilities that could delay or prohibit the projects, especially on the eastern coast of the United States. Platts LNG Daily provides...
Proposed Rabaska LNG Project Receives Canadian Federal Approval
Posted on Mar 5, 2008 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Proposed Rabaska LNG Project Receives Canadian Federal Approval
Rabaska Inc., a joint venture of Gaz de France, Enbridge Inc. and Gaz Metro, announced yesterday that the Canadian federal government approved its proposal to build the Rabaska LNG import terminal in Quebec. The Montreal Gazette reports that federal officials would not verify the announcement at first, but did so later, citing a cabinet order-in-council granting approval. The Gazette...