BG Announces E&P Agreement for Offshore Trinidad
Posted on Aug 17, 2007 in E&P | Comments Off on BG Announces E&P Agreement for Offshore Trinidad
BG International Limited, a subsidiary of BG Group, announced yesterday a “farm-in” agreement with Canadian Superior Energy to expand its exploration and production activities for offshore Trinidad. BG is a partner with Atlantic LNG company in all four trains at the Trinidadian liquefaction plant and currently supplies the plant with gas from its offshore...
Report: As LNG Imports Rise, High Prices Needed to Encourage Domestic Gas Production
Posted on Jun 27, 2007 in E&P, Markets and Competition | Comments Off on Report: As LNG Imports Rise, High Prices Needed to Encourage Domestic Gas Production
Platts LNG Daily reports that analysis by Cambridge Energy Research Associates found that strong prices would be needed to support gas output volumes in North America. The group concludes that the marginal cost for unlocking successive layers of gas will lead domestic drilling for unconventional natural gas to become uneconomic relative to LNG imports and other technologies....
Dominion Considers MLP for Cove Point Terminal
Posted on Jun 6, 2007 in E&P, Markets and Competition, Regas Terminals & Capacity | Comments Off on Dominion Considers MLP for Cove Point Terminal
Reuters reports that the CEO of Dominion Resources Inc. indicated yesterday that Dominion is considering restructuring its ownership of the Cove Point regasification terminal to become a master limited partnership (MLP). According to the report, Dominion will not consider making the change until the current expansion of the terminal is completed; the expansion is expected to be in...
Cypress to Connect Florida to LNG Market
Posted on Apr 30, 2007 in E&P, Federal Regulation, Markets and Competition, Pipelines, Regas Terminals & Capacity | Comments Off on Cypress to Connect Florida to LNG Market
The Herald Tribune (Florida) reports that the Cypress pipeline, which is scheduled to come online tomorrow and connect the Elba Island LNG terminal to Florida, will enmesh Florida’s energy industry in the global LNG market. The paper notes the Interstate Natural Gas Association of America has argued that Florida would probably have less demand for LNG if exploration had been...
Alaska Gov.: Kenai LNG Export Terminal Must Contract with Local Utilities
Posted on Apr 24, 2007 in E&P, Liquefaction, State and Local Issues | Comments Off on Alaska Gov.: Kenai LNG Export Terminal Must Contract with Local Utilities
Governor Sarah Palin (R-AK) yesterday released further details regarding her conditional support for extending the export license of the Kenai export terminal. The Governor wants a long-term contract between Kenai’s owners, ConocoPhillips and Marathon, and local utilities Enstar Natural Gas and Chugach Electric at least through the expiration of the export license. Alaska also is...
Alaska Governor Places Conditions on Her Support for Kenai LNG Export License
Posted on Apr 11, 2007 in E&P, Federal Regulation, Liquefaction, Policy, Legislation and Politics, Safety & Security | Comments Off on Alaska Governor Places Conditions on Her Support for Kenai LNG Export License
Gov. Sarah Palin of Alaska has offered conditional support for extending the export license of the nation’s only LNG export terminal. She urges the Dept. of Energy to renew the Kenai LNG plant’s export license only if its owners, ConocoPhillips and Marathon, agree to give priority to local gas consumption, explore for new natural gas reserves, and buy third-party gas for...