Domestic Gas “Plenty” Dampens LNG Outlook
Posted on May 22, 2008 in E&P, Markets and Competition | Comments Off on Domestic Gas “Plenty” Dampens LNG Outlook
According to USA Today, U.S. domestic exploration for natural gas has risen while LNG imports have not increased as rapidly as some analysts expected. One analyst with Cambridge Energy Research Associates said, “The surprise is that LNG is not turning out to be as big as we expected. But domestic supply is turning out to be...
Partner in Quebec Shale Gas Project Suggests Rabaska LNG Terminal May Supply U.S. Market
Posted on Apr 8, 2008 in Canada & Mexico, E&P, Regas Terminals & Capacity | Comments Off on Partner in Quebec Shale Gas Project Suggests Rabaska LNG Terminal May Supply U.S. Market
Speaking to the Montreal Gazette, the president of Junex Inc., a partner in the Utica shale gas project in Quebec, suggested that the recently announced discovery of 4 Tcf of potentially recoverable gas in the Utica field could mean that the Rabaska LNG terminal may be used to supply the U.S. gas market, as opposed to the Quebec market. A spokesperson for Quebec’s natural...
Alaska Senator Encourages State Legislators to Pursue Natural Gas Pipeline
Posted on Mar 19, 2008 in E&P, Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Alaska Senator Encourages State Legislators to Pursue Natural Gas Pipeline
U.S. Senator Lisa Murkowski (R-Alaska) told the Alaska State Legislature that Alaska faces significant competition in the North American natural gas market, including competition from new LNG import projects in Atlantic Canada, along the U.S. Gulf Coast, and in Baja California. Senator Murkowski urged interested parties to come together and move forward with the construction of a...
Rapid Growth of Trinidad & Tobago’s LNG Export Industry Prompts Concern
Posted on Mar 11, 2008 in E&P, Liquefaction | Comments Off on Rapid Growth of Trinidad & Tobago’s LNG Export Industry Prompts Concern
A report in the Financial Times suggests that due to diminishing gas reserves, Trinidad & Tobago may shift its focus from exploration and production of natural gas to downstream activities, possibly including processing gas imported from Venezuela. The piece notes that negotiations have stalled between the two countries over a large gas field that straddles their maritime...
Shell: “Too Early” to Discuss Development Options for Burger Field
Posted on Feb 25, 2008 in E&P, Liquefaction | Comments Off on Shell: “Too Early” to Discuss Development Options for Burger Field
Following successful bids for Alaskan offshore leases earlier this month, Shell vice-president of exploration for the Americas Annell Bay said that it is too early to discuss development options. The Calgary Herald (available via LexisNexis [subscription required]) reports that industry observers see the Burger gas prospect, which Shell will drill, as a possible source for an LNG...
BG Group Contemplated Proposal for Liquefaction Plant in Alaska
Posted on Feb 4, 2008 in E&P, Pipelines, Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on BG Group Contemplated Proposal for Liquefaction Plant in Alaska
The Anchorage Daily News reports that David Keane, BG Group’s vice president for corporate and policy affairs, told Alaskan state legislators that his company remains optimistic about Alaska’s LNG potential. According to Keane, BG prepared a proposal for a pipeline project that included construction of a pipeline to transport gas from the North Slope to Valdez and a...