Further Details Released on Alaska LNG Agreement
Posted on Jan 16, 2008 in E&P, Liquefaction, State and Local Issues | Comments Off on Further Details Released on Alaska LNG Agreement
The Anchorage Daily News offers additional details on the agreement between Gov. Sarah Palin (R-Alaska) and the owners of the Kenai LNG liquefaction plant, ConocoPhillips and Marathon Oil. The Daily News reports that the agreement includes commitments to develop natural gas reserves and opportunities for third parties to sell natural gas to the plant, in exchange for the...
Alaska Agrees to Support Continued LNG Exports from Kenai
Posted on Jan 4, 2008 in E&P, Liquefaction, State and Local Issues | Comments Off on Alaska Agrees to Support Continued LNG Exports from Kenai
Reuters reports that Gov. Sarah Palin (R-Alaska) announced an agreement yesterday between her administration and Kenai LNG owners ConocoPhillips and Marathon Oil. The state has agreed to support an extension of the plant’s license to 2011 in exchange for a pledge by the companies to pursue new gas wells in Cook Inlet in 2008. Palin’s administration has sought to ensure that...
Analysts Predict Large Storage Capacity Increase for U.S. Gulf Coast
Posted on Jan 2, 2008 in E&P, Markets and Competition, Storage | Comments Off on Analysts Predict Large Storage Capacity Increase for U.S. Gulf Coast
Several industry analysts told Platts LNG Daily last week that as much as 100 Bcf of storage capacity will be built in the U.S. Gulf Coast region over the next three years. However, one analyst added that such a large amount of storage capacity might not be needed for the region as gas production from the Gulf of Mexico is expected to decline by 2012. [Subscription...
No Shortage of Gas for Atlantic LNG’s Train 4 Despite Start-Up Delays
Posted on Dec 11, 2007 in E&P, Liquefaction | Comments Off on No Shortage of Gas for Atlantic LNG’s Train 4 Despite Start-Up Delays
BP Trinidad & Tobago told Petroleum World yesterday that despite a series of delays at its Train 4 facility, there is no shortage of gas. BPTT and a senior official from the Ministry of Energy said the delay resulted from start-up problems unrelated to gas...
Editorial: Southcentral Alaska Faces Natural Gas Supply Shortage
Posted on Dec 10, 2007 in E&P, Liquefaction, Markets and Competition | Comments Off on Editorial: Southcentral Alaska Faces Natural Gas Supply Shortage
The Anchorage Daily News published an editorial today concluding that the Southcentral region faces an uncertain energy future. According to the editorial, keeping the Kenai LNG liquefaction plant open after 2009 is difficult to justify, as the export plant sends out gas from a region that already faces a constricted supply picture. The editorial asks the state to provide leadership to...
Consultants: LNG Needed in Northwestern United States
Posted on Dec 10, 2007 in E&P, Markets and Competition | Comments Off on Consultants: LNG Needed in Northwestern United States
ICF Consulting has concluded that Washington and Oregon ought to encourage LNG projects in the Pacific Northwest as a means to diversify supply away from past over reliance on imports from western Canada and the Rocky Mountains. The report also notes that Washington and Oregon should actively encourage the development of Arctic gas supplies as a means to lower the consumer gas price....