NATS: LNG Likely Needed to Meet U.S. Gas Storage Needs for Winter Heating Season
Posted on May 9, 2008 in Markets and Competition | Comments Off on NATS: LNG Likely Needed to Meet U.S. Gas Storage Needs for Winter Heating Season
NATS released comments yesterday suggesting that in order to reach full natural gas storage capacity by November 1, the beginning of the 2008 winter heating season, the United States will have to inject almost 12 Bcf/d of gas into storage. According to NATS, that target injection rate cannot be sustained unless U.S. gas prices rise, attracting more LNG cargos to the U.S. market....
Industry Report: U.S. Natural Gas Price Increases May Attract Summer LNG Cargos
Posted on May 9, 2008 in Markets and Competition | Comments Off on Industry Report: U.S. Natural Gas Price Increases May Attract Summer LNG Cargos
In its most recent report, Waterborne Energy suggests that the 25% price increase for natural gas in the U.S. market since March may attract a “slow, steady increase [of LNG imports] through summer.” According to Reuters, the report also notes that current U.S. prices are similar to those in Spain and the United Kingdom, making it more likely that cargos from Trinidad &...
Industry Analysts: U.S. Market May Have to Pay Oil-Based Prices to Attract LNG
Posted on May 9, 2008 in Markets and Competition | Comments Off on Industry Analysts: U.S. Market May Have to Pay Oil-Based Prices to Attract LNG
Platts LNG Daily reports that several energy industry experts told the Offshore Technology Conference in Houston this week that the U.S. market may have to pay prices indexed to crude oil in order to attract LNG cargos to North America. One analyst noted that U.S. LNG importers may have to begin signing long-term supply agreements that are not linked to Henry Hub prices. [Subscription...
Daily Letters to the Editor
Posted on May 9, 2008 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Daily Letters to the Editor
Telegraph-Journal (St. John, N.B.) (in support of Canaport LNG property tax agreement)
St. John Officials Discuss Controversial Canaport LNG Property Tax Agreement
Posted on May 8, 2008 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on St. John Officials Discuss Controversial Canaport LNG Property Tax Agreement
The Telegraph-Journal reports that it received from a St. John, N.B. city council member a letter, which indicates that some local elected officials have been inconsistent in their opposition to a property tax agreement for the Canaport LNG project. Three city council members and the city’s Deputy Mayor responded to the letter and told the Telegraph-Journal that they have always...