Moniz Confirmed as DOE Secretary
Posted on May 17, 2013 in Federal Regulation, Policy, Legislation and Politics | Comments Off on Moniz Confirmed as DOE Secretary
Law360 reports that the U.S. Senate yesterday confirmed Ernest Moniz as the new Secretary of the U.S. Department of Energy (DOE). The article states that Moniz supports the deliberative approach to LNG exports taken by former DOE Secretary...
New Report Concludes U.S. LNG Exports Will Increase Jobs with Minimal Price Impacts
Posted on May 16, 2013 in LNG Exports | Comments Off on New Report Concludes U.S. LNG Exports Will Increase Jobs with Minimal Price Impacts
A new report from ICF International, prepared for the American Petroleum Institute, estimates that increased exports of U.S. LNG will create between 73,100 to 452,300 new domestic jobs between 2016 and 2035. The report projects domestic natural gas price increases of $0.32 to $1.02 per MMBtu and U.S. GDP growth between $15.6 to $73.6 billion annually during the same time period due to...
Mexico Pays Near Asian Prices for Spot LNG Cargoes
Posted on May 14, 2013 in Canada & Mexico, Markets and Competition | Comments Off on Mexico Pays Near Asian Prices for Spot LNG Cargoes
According to articles in Bloomberg and Reuters, due to increased gas demand that could not be met by U.S. gas pipeline supplies, Mexico’s state-owned electric utility Comision Federal de Electricidad recently entered into contracts for spot LNG cargoes at prices near those paid by Asian nations for LNG. The utility historically purchases U.S. gas pipeline supplies at Henry...
Sierra Club Files Comments Opposing Automatic Approval of U.S. LNG Exports to European Union Nations
Posted on May 14, 2013 in LNG Exports, Policy, Legislation and Politics | Comments Off on Sierra Club Files Comments Opposing Automatic Approval of U.S. LNG Exports to European Union Nations
Sierra Club recently filed comments with the Office of the United States Trade Representative on the proposed Transatlantic Trade and Investment Partnership opposing, among other things, inclusion of a provision for “national treatment for trade in gas” that would require automatic approval of U.S. LNG exports to European Union nations. Sierra Club argued that such a...
Indian Company Eyeing Nova Scotia for Possible LNG Export Terminal Site
Posted on May 10, 2013 in Canada & Mexico, LNG Exports | Comments Off on Indian Company Eyeing Nova Scotia for Possible LNG Export Terminal Site
Reuters reports that Indian company H-Energy has signed an option agreement with the government of Nova Scotia to assess the feasibility of constructing an LNG liquefaction facility and export terminal on the Strait of Canso. The report states that the agreement provides H-Energy with exclusive rights to buy the site if feasibility studies prove...