LNG Legislation May Inadvertently Contribute to California Supply Crunch
Posted on Jun 13, 2007 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on LNG Legislation May Inadvertently Contribute to California Supply Crunch
World Gas Intelligence analyzes from a market perspective the pending legislation in California that would require a needs assessment for LNG imports before any new LNG terminals or pipelines could be approved. WGI suggests that LNG imports will be needed to sustain California’s energy market, citing diminished supplies from Canada and the expected price hike on natural gas from the Rocky Mountains as east-bound gas pipelines begin to come on line next year. [Subscription required]