Anadarko CEO Says LNG Imports May Create Downward Pressure on U.S. Natural Gas Prices
Posted on May 20, 2009 in Markets and Competition | Comments Off on Anadarko CEO Says LNG Imports May Create Downward Pressure on U.S. Natural Gas Prices
Jim Hackett, CEO of Anadarko Petroleum Corp., told Bloomberg News (carried via the Houston Chronicle) that he expects increased LNG imports to the United States will create downward pressure on U.S. natural gas prices. He said, “Our feeling is that natural gas prices have some challenges because of the LNG that may be coming this way due to our storage capability in the United...
U.S. Coast Guard Notes Concerns with Ballast Screens Proposal for Ships Servicing Bradwood Landing LNG
Posted on May 19, 2009 in Environmental, Marine Regulation, Regas Terminals & Capacity, Technology, Vessel Transportation | Comments Off on U.S. Coast Guard Notes Concerns with Ballast Screens Proposal for Ships Servicing Bradwood Landing LNG
Earlier this month the U.S. Coast Guard notified FERC of its concerns with the proposal to retrofit LNG vessels servicing the Bradwood Landing LNG terminal with screens to limit entrainment of juvenile fish in vessels’ ballast systems. The Coast Guard’s letter, available in the FERC eLibrary under Docket No. CP06-365, states that fish screening technologies that have not...
Freeport LNG VP Explains LNG Re-Export Business Model
Posted on May 19, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Freeport LNG VP Explains LNG Re-Export Business Model
Freeport LNG Vice President Bill Henry explained his company’s LNG re-export business model last week to Reuters, noting that he has seen “a lot of interest” in the re-export proposal. Henry noted that the re-export capabilities “could be used by the customers we have, or by a third party.” The terminal’s existing customers include ConocoPhillips,...
FERC to Address Kenai LNG Issues This Week at Commission Meeting
Posted on May 19, 2009 in Federal Regulation, Liquefaction | Comments Off on FERC to Address Kenai LNG Issues This Week at Commission Meeting
At its monthly Commission meeting on May 21, FERC will address issues relating to its January 15, 2009 determination that the Kenai LNG liquefaction facility in Alaska must comply with certain LNG terminal safety and reliability requirements. ConocoPhillips Alaska Natural Gas Corp and Marathon Oil Corporation, the joint owners and operators of the facility, had sought rehearing or...
FERC Releases Draft EIS for Downeast LNG Project
Posted on May 19, 2009 in Environmental, Federal Regulation, Regas Terminals & Capacity | Comments Off on FERC Releases Draft EIS for Downeast LNG Project
FERC staff released its Draft Environmental Impact Statement (EIS) for the Downeast LNG import project on May 15. FERC staff concludes that “construction and operation of the Downeast LNG Project would result in some adverse environmental impacts,” but goes on to note that “most of these impacts would be reduced to less-than-significant levels with the implementation...