DOE Official: U.S. LNG Exports Not Likely to Raise Domestic Gas Prices
Posted on Aug 4, 2011 in LNG Exports, Markets and Competition | Comments Off on DOE Official: U.S. LNG Exports Not Likely to Raise Domestic Gas Prices
According to Platts LNG Daily [subscription required], U.S. Deputy Assistant Secretary for Oil and Natural Gas Chris Smith said at an event in Denver that he does not expect U.S. LNG exports to cause significant increases in domestic gas...
Southern LNG Requests FERC Vacate Its Authorization for Phase B of Terminal Expansion
Posted on Aug 3, 2011 in Federal Regulation, Regas Terminals & Capacity | Comments Off on Southern LNG Requests FERC Vacate Its Authorization for Phase B of Terminal Expansion
Yesterday, Southern LNG requested that FERC vacate its previous authorization for Phase B of the Elba III Terminal Expansion Project at the Elba Island LNG facility. Southern LNG’s filing states that BG LNG, the anticipated subscriber to the regasification and transportation capacity associated with the Phase B expansion, informed Southern LNG that it would no longer need the...
Progress Energy Resources, Petronas to Conduct Feasibility Study for LNG Export Terminal
Posted on Aug 3, 2011 in Canada & Mexico, Financing, LNG Exports | Comments Off on Progress Energy Resources, Petronas to Conduct Feasibility Study for LNG Export Terminal
As part of a natural gas development and export deal valued at CDN $1.07 billion, Progress Energy Resources Corp. and Malaysian national oil company Petronas agreed to conduct a feasibility study for an LNG export terminal proposed for Canada’s west coast. The project contemplates liquefaction capacity of 600,000 cf/d. According to the Calgary Herald, the feasibility study is...
BP Submits Comments on Cove Point LNG Technical Conference
Posted on Aug 3, 2011 in Federal Regulation, Regas Terminals & Capacity | Comments Off on BP Submits Comments on Cove Point LNG Technical Conference
BP Energy Company has filed its initial comments in response to terminal operator, Dominion Cove Point LNG, LP’s, proposed changes to the Cove Point LNG terminal tariff. The comments, which follow FERC’s technical conference convened last month, generally oppose Dominion Cove Point LNG, LP’s changes, arguing that the tariff revisions would negatively affect terminal...
Analysis: Opponents of U.S. LNG Exports Focus on Price Concerns
Posted on Aug 3, 2011 in LNG Exports, Markets and Competition | Comments Off on Analysis: Opponents of U.S. LNG Exports Focus on Price Concerns
An analysis carried by World Gas Intelligence concludes that much of the opposition to U.S. LNG export projects has focused on the relative price of North American natural gas compared to natural gas supplies around the world. The piece notes the considerable concern that U.S. gas prices may not support LNG exports in the long term. [Subscription...