U.S. Electricity Prices Could See Greater Link to Crude Oil Price Levels as LNG Imports Rise
Posted on Mar 18, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on U.S. Electricity Prices Could See Greater Link to Crude Oil Price Levels as LNG Imports Rise
In a piece examining the status of the regulatory review process for the Broadwater LNG terminal proposal, U.S. News and World Report states that Steven Specker, president and chief executive of the Electric Power Research Institute, predicted that the price of electricity and crude oil could become increasingly linked as LNG accounts for a greater percentage of U.S. natural gas...
Sabine Pass LNG Receives “BB” Credit Rating
Posted on Mar 18, 2008 in Financing, Regas Terminals & Capacity | Comments Off on Sabine Pass LNG Receives “BB” Credit Rating
Standard & Poor’s Ratings Services gave Sabine Pass LNG LP a “BB” credit rating, coupled with a stable outlook, in its annual review. S&P noted that cost overruns during the final stages of construction could result in a lower credit rating. Forbes provides...
NATS: U.S. Natural Gas Prices Will Likely Change
Posted on Mar 18, 2008 in Markets and Competition | Comments Off on NATS: U.S. Natural Gas Prices Will Likely Change
Citing various factors, including global market conditions, particularly those in the Pacific Basin, weather, U.S. natural gas production, and increased investment in commodities over stocks, NATS’ LNG Week in Review predicts that U.S. natural gas prices cannot stay where they are today. NATS also predicts that U.S. LNG imports for 2008 will not reach the record-setting...
Judge Denies SES LNG’s Request to Compel Completion of Environmental Assessment
Posted on Mar 18, 2008 in Litigation, Regas Terminals & Capacity, State and Local Issues | Comments Off on Judge Denies SES LNG’s Request to Compel Completion of Environmental Assessment
A Los Angeles Superior Court judge denied a request by Sound Energy Solutions LNG to compel the Port of Long Beach to complete its Environmental Impact Report on the company’s proposed Long Beach LNG project. Judge James Chalfant told SES that the Port of Long Beach had the “right to make that call,” and suspend the environmental assessment of the project. Read more...
Interview with Broadwater Energy Project Director
Posted on Mar 18, 2008 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Interview with Broadwater Energy Project Director
Business New Haven offers an interview with Broadwater Energy’s regional project director, John Hritcko, in which Hritcko defends the proposed Broadwater LNG terminal project by focusing on the “bigger national picture.” Another report from Business New Haven describes the public relations campaign that Broadwater Energy project developer Shell Oil has begun as the...