Analysis Examines Pacific Basin LNG Market
Posted on Jan 25, 2010 in Markets and Competition | Comments Off on Analysis Examines Pacific Basin LNG Market
An analysis carried by The Oregonian looks at the economics underpinning proposed LNG import projects in the region. The analysis concludes that despite present softness in the North American LNG market, developers of LNG projects will likely continue to press for authorization to construct their...
Rhode Island Legislator Proposes Measure to Block LNG Vessels from Transiting Through Mt. Hope Bay
Posted on Jan 22, 2010 in Marine Regulation, Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues, Vessel Transportation | Comments Off on Rhode Island Legislator Proposes Measure to Block LNG Vessels from Transiting Through Mt. Hope Bay
Rhode Island Rep. Douglas W. Gablinske (D) has proposed a measure (H 7014) that would prohibit any ship carrying a hazardous cargo from travelling under a bridge without a minimum clearance of 25 feet. As currently envisioned, LNG vessels travelling under the Mount Hope Bridge to the planned Weaver’s Cove LNG import facility would have five feet of clearance under the bridge. A...
Kitimat LNG Announces MOU with Japanese Company
Posted on Jan 22, 2010 in Canada & Mexico, Liquefaction | Comments Off on Kitimat LNG Announces MOU with Japanese Company
A Kitimat LNG spokesperson told Platts LNG Daily [subscription required] that his company has signed a Memorandum of Understanding with a “major Japanese company.” The spokesperson declined to give further details regarding the agreement, but noted that a previous agreement between Kitimat LNG and Mitsubishi has...
Canaport LNG: Third Storage Tank to be Completed by Early April
Posted on Jan 22, 2010 in Canada & Mexico, Regas Terminals & Capacity, Storage | Comments Off on Canaport LNG: Third Storage Tank to be Completed by Early April
A company representative for Canaport LNG told Platts LNG Daily [subscription required] this week that it expects its third LNG storage tank to come online by early April of this year, increasing the storage capacity to approximately 9.9 Bcf and allowing greater use of the largest class of LNG...
Town Council Rejects Resolution Opposing Weaver’s Cove LNG Terminal
Posted on Jan 21, 2010 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Town Council Rejects Resolution Opposing Weaver’s Cove LNG Terminal
Noting concerns with language that was critical of U.S. Coast Guard efforts to secure LNG vessels during transit, the members of the Jamestown Town Council rejected two drafts of resolutions opposing the Weaver’s Cove LNG terminal. The Jamestown Press (R.I.) reports that the Council also is considering whether to seek intervenor status in the Weaver’s Cove LNG FERC...