Analysts Predict U.S. Natural Gas Price Increase Due to Reduced Canadian Imports
Posted on Jan 3, 2007 in Canada & Mexico, E&P, Markets and Competition | Comments Off on Analysts Predict U.S. Natural Gas Price Increase Due to Reduced Canadian Imports
World Gas Intelligence this week reports that reduced Canadian imports are likely to drive U.S. natural gas prices higher in the coming months, despite a current demand lull due to unseasonably warm temperatures this winter. According to analysts, imports may decline because of growing Canadian demand, decreasing production, and cutbacks in exploration spending. [Subscription...
Jamaica Considers LNG Deal With Trinidad and Tobago
Posted on Nov 3, 2006 in E&P, Markets and Competition, Regas Terminals & Capacity | Comments Off on Jamaica Considers LNG Deal With Trinidad and Tobago
The Jamaica Gleaner reports that Jamaica is expressing interest in an agreement with Trinidad and Tobago by which Jamaica would supply Trinidad with alumina for Trinidad’s proposed aluminum smelter in exchange for a 10% share in the smelter facility and LNG delivered to Jamaica. However, Trinidad has signaled that recent developments in its exploration and production of natural...
Strained U.S.-Russian Relations May Impact U.S. Involvement in Shtokman
Posted on May 17, 2006 in E&P, Liquefaction, Policy, Legislation and Politics, Trade Restrictions | Comments Off on Strained U.S.-Russian Relations May Impact U.S. Involvement in Shtokman
Today’s World Gas Intelligence reports that the recent escalation of tensions between the United States and Russia may negatively impact chances for Chevron and ConocoPhillips to participate in the Shtokman LNG venture in Russia. The strained relationship partially stems from U.S. allegations that Russia is using its vast gas reserves to expand its preeminence in the global...
Shell and Statoil Seek Capacity Agreements for Cove Point LNG Terminal
Posted on Mar 15, 2006 in E&P, Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Shell and Statoil Seek Capacity Agreements for Cove Point LNG Terminal
Today’s World Gas Intelligence reports that Shell and Statoil’s negotiations with suppliers have not produced new contracts for imports into the Cove Point LNG terminal in Maryland. Shell’s two-year contract with Repsol has ended, but a Shell official says the company “currently utilizes its Cove Point capacity for spot cargoes and is working on the development...
Gulf Coast Energy Forum Looks at Gas Supply
Posted on Feb 16, 2006 in E&P, Environmental, State and Local Issues | Comments Off on Gulf Coast Energy Forum Looks at Gas Supply
Alabama Gov. Bob Riley commented on LNG at the Gulf Coast Energy Forum in Mobile, Ala. on Monday, saying that “certain environmental protections” must be implemented before a terminal project goes forward in or near the state. Michael Zenker, managing director for global gas at Cambridge Energy Research Associates, said that importing LNG is critical to easing the...
WSJ Reports on U.S. Natural Gas Market
Posted on Jan 5, 2006 in E&P, Federal Regulation, Liquefaction, LNGLawBlog, Markets and Competition, Regas Terminals & Capacity, Vessel Transportation | Comments Off on WSJ Reports on U.S. Natural Gas Market
On December 26, the Wall Street Journal ran an article discussing the state of the natural gas market in the U.S., particularly focusing on the supply-demand imbalance, the status of LNG imports and the potential development of an international gas spot market. The article is available at here. [Subscription...