Duke Energy CEO: Coal-Fired Electricity Plants Could Prevent Tying Electricity Prices to Global LNG and Oil Markets
Posted on May 7, 2008 in Markets and Competition | Comments Off on Duke Energy CEO: Coal-Fired Electricity Plants Could Prevent Tying Electricity Prices to Global LNG and Oil Markets
Platts LNG Daily reports that James Rogers, chairman, president, and CEO of Duke Energy, told an industry conference yesterday that the United States needs to build additional coal-fired power plants in order to avoid creating stronger links between U.S. electricity prices and the global oil and LNG markets. [Subscription...
Additional Details Available Regarding Fall River Officials’ Letter to Mass. Governor
Posted on May 7, 2008 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Additional Details Available Regarding Fall River Officials’ Letter to Mass. Governor
The Fall River Herald News offers additional details on the letter sent by local officials to Massachusetts Governor Deval Patrick (D) asking him to veto the proposed Weaver’s Cove LNG...
Trunkline LNG Terminal Equipment Upgrades Begin Earlier Than Expected
Posted on May 6, 2008 in Regas Terminals & Capacity | Comments Off on Trunkline LNG Terminal Equipment Upgrades Begin Earlier Than Expected
Platts LNG Daily [subscription required] reports that the Trunkline LNG terminal shut down this past Monday to begin equipment upgrades. Platts previously had reported that the terminal would be shut down on May...
Op-Ed Explains Canaport LNG Property Tax Agreement
Posted on May 6, 2008 in Canada & Mexico, Regas Terminals & Capacity | Comments Off on Op-Ed Explains Canaport LNG Property Tax Agreement
An op-ed in today’s Telegraph-Journal by Daniel Goodwin of Irving Oil, one of the developers of the Canaport LNG import terminal under construction in St. John, N.B., explains the property tax agreement between Irving Oil and the City of Saint John. According to Goodwin, Irving Oil is responsible for paying all of the Canaport property taxes despite being only a 25% partner in...
Freeport LNG Terminal Expects to Receive Second Commissioning Cargo Soon
Posted on May 6, 2008 in Regas Terminals & Capacity | Comments Off on Freeport LNG Terminal Expects to Receive Second Commissioning Cargo Soon
Bill Henry, vice president of Freeport LNG, told Platts LNG Daily [subscription required] that his company expects a second commissioning cargo to arrive at its terminal this Friday. Henry also noted that the LNG cargo originated in Trinidad & Tobago and it will be delivered by the Excelerate LNG carrier...