Sempra LNG To Sell LNG At Reduced Price As Result of Broader Settlement
Posted on Jan 5, 2006 in LNGLawBlog, Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Sempra LNG To Sell LNG At Reduced Price As Result of Broader Settlement
Today’s Platts LNG Daily reports that as a result of Sempra Energy’s settlement resolving a number of class-action lawsuits related to the 2000-2001 energy crisis, Sempra LNG will reduce the price by $0.02/MMBtu at which it sells regasified LNG to SoCal Gas and San Diego Gas & Electric. The LNG will be imported through the Energia Costa Azul LNG...
Canadian Environmental Minister Determines Comprehensive Study Required for Proposed Keltic LNG Terminal
Posted on Jan 5, 2006 in Canada & Mexico, Environmental, LNGLawBlog, Regas Terminals & Capacity | Comments Off on Canadian Environmental Minister Determines Comprehensive Study Required for Proposed Keltic LNG Terminal
The Canadian Minister of the Environment has determined that the proposed Keltic LNG terminal in Goldboro, Nova Scotia, must undergo a comprehensive environmental assessment in order to obtain authorization. The assessment will include review of the construction, operation and maintenance of the proposed facility, including the regasification plant, the marine transfer pipelines,...
Golar LNG To Convert Existing LNG Vessel into Floating Regas Terminal
Posted on Jan 5, 2006 in LNGLawBlog, Regas Terminals & Capacity, Storage, Vessel Transportation | Comments Off on Golar LNG To Convert Existing LNG Vessel into Floating Regas Terminal
Golar LNG, the world’s largest independent ship owner, has announced that it will convert an existing 129,000 cubic meter LNG vessel into a Floating Storage and Regasification Unit (FSRU). Keppel Shipyard of Singapore will perform the conversion, which will be the first of its kind. Golar believes that “no other system can compete with this concept in terms of pricing...
Gas Market Expert Argues All-Land Pipeline Better Deal for Alaska Than LNG
Posted on Jan 5, 2006 in Liquefaction, LNGLawBlog, Markets and Competition, Pipelines, State and Local Issues | Comments Off on Gas Market Expert Argues All-Land Pipeline Better Deal for Alaska Than LNG
The January issue of the Alaska Journal of Commerce reports on a speech by University of Alaska Professor Douglas Reynolds, in which he argues that Alaska would benefit more from an all-land pipeline from Alaska through Canada to the Lower 48 than from building a liquefaction facility at Valdez and shipping the LNG to the U.S. West Coast. Reynolds asserts that as a result of...
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...
Bahamian Diplomat Opposes Government Capitulation to U.S. on Proposed LNG Terminal
Posted on Jan 5, 2006 in LNGLawBlog, Regas Terminals & Capacity, State and Local Issues | Comments Off on Bahamian Diplomat Opposes Government Capitulation to U.S. on Proposed LNG Terminal
The Bahamian ambassador to China and former ambassador to the EU, Sir Arthur Foulkes, opposes the proposed LNG terminals in the Bahamas and the associated pipeline to Florida. He argues that the LNG project will damage the area’s tourism industry and comments on recent statements by Prime Minister Perry Christie and U.S. Ambassador John Rood. The article is carried on the...