Market Conditions, Politics Present Challenges for Cheniere’s LNG Export Plan
Posted on Jun 16, 2010 in Liquefaction, Markets and Competition, Policy, Legislation and Politics | Comments Off on Market Conditions, Politics Present Challenges for Cheniere’s LNG Export Plan
In an analysis of Cheniere’s proposal to export U.S. natural gas as LNG via the company’s Sabine Pass facility, Reuters (carried by Forexyard.com) predicts that the project will face significant financial and political challenges. Zach Allen of Pan Eurasian Enterprises told Reuters, “I am not sure the economics work out in Cheniere’s favor,” noting that...
Jamaican Authorities Predicts Dramatic Energy Cost Savings from Switch to LNG
Posted on Jun 16, 2010 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Jamaican Authorities Predicts Dramatic Energy Cost Savings from Switch to LNG
This week the Jamaican government renewed its efforts to diversify its energy portfolio by importing LNG. According to the Jamaica Gleaner, the Jamaica Public Service Company estimates that customers could see a 25-30 percent reduction for electricity costs and a number of government officials highlighted the importance of adding LNG to the country’s fuel...
FERC Grants Extension of Time Request for Calypso Gas Pipeline
Posted on Jun 16, 2010 in Federal Regulation, Pipelines, Regas Terminals & Capacity | Comments Off on FERC Grants Extension of Time Request for Calypso Gas Pipeline
FERC has granted Calypso U.S. Pipeline, LLC an extension of time to construct and make available for service a natural gas pipeline project that would be used to transport regasified LNG from a U.S./Bahamas Exclusive Economic Zone boundary to Florida. The filing, available in the FERC eLibrary under Docket No. CP01-409, extends the deadline for completing the project to June 30,...
Port Commission, Oregon LNG Settle Dispute Over Site Lease Contract
Posted on Jun 15, 2010 in Litigation, Regas Terminals & Capacity, State and Local Issues | Comments Off on Port Commission, Oregon LNG Settle Dispute Over Site Lease Contract
Last week the Port of Astoria Commission approved an agreement settling the dispute between the Port and Oregon LNG over the lease for the site for the proposed regasification terminal. The Daily Astorian describes the terms of the settlement and notes that the commissioners agreed to the settlement as long as they are not held personally liable for violations of the agreement....
Initial Export LNG Cargo from Peru to be Delivered to Sempra’s Energia Costa Azul Terminal
Posted on Jun 15, 2010 in Canada & Mexico, Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Initial Export LNG Cargo from Peru to be Delivered to Sempra’s Energia Costa Azul Terminal
Platts LNG Daily [subscription required] reported last week that the first LNG cargo exported from Peru will be delivered to the Energia Costa Azul LNG regasification terminal located in Baja California,...