Partners Planning LNG Liquefaction Facility on Alaska’s North Slope
Posted on Aug 15, 2011 in Liquefaction | Comments Off on Partners Planning LNG Liquefaction Facility on Alaska’s North Slope
Flint Hills Resources and Golden Valley Electric Association of Fairbanks announced recently that they are planning an LNG liquefaction facility at Prudhoe Bay on Alaska’s North Slope. The plan calls for transporting the LNG by truck to Fairbanks, Alaska. The Alaska Journal of Commerce reports that the estimated cost of the project is $180 million and that project backers hope to...
European LNG Headlines
Posted on Aug 15, 2011 in Liquefaction | Comments Off on European LNG Headlines
Noble Energy to Develop LNG Export Plant (Globes)
DOT to Fund Conversion of Staten Island Ferry from Diesel to LNG Fuel
Posted on Aug 15, 2011 in Vessel Transportation | Comments Off on DOT to Fund Conversion of Staten Island Ferry from Diesel to LNG Fuel
The U.S. Department of Transportation (DOT) will provide more than $2.3 million to convert one Staten Island ferryboat from diesel fuel to LNG. According to the Staten Island Advance, the funding is part of a pilot program designed to reduce both fuel costs and vessel...
Dominion Cove Point Applies for LNG-Re-Export Authority
Posted on Aug 15, 2011 in Federal Regulation, Regas Terminals & Capacity | Comments Off on Dominion Cove Point Applies for LNG-Re-Export Authority
Last week, Dominion Cove Point LNG, LP applied to the U.S. Department of Energy for authorization to re-export up to 150 Bcf of previously imported LNG over a two year period. Reuters offers additional...
Morningstar: Global LNG Market Dynamics Favorable for BG Group
Posted on Aug 12, 2011 in Markets and Competition | Comments Off on Morningstar: Global LNG Market Dynamics Favorable for BG Group
In a research note published this morning, Morningstar hypothesizes that expected global natural gas supply and demand imbalances in the coming years likely will cause markets to lean more heavily on LNG supplies. Morningstar states that BG Group can profit substantially in such an environment, particularly after new projects come on stream starting in...