Sale of Bear Head LNG Not Finalized
Posted on Sep 29, 2006 in Canada & Mexico, LNGLawBlog, Regas Terminals & Capacity | Comments Off on Sale of Bear Head LNG Not Finalized
U.S. Venture Energy’s acquisition of Bear Head LNG did not occur yesterday as planned, project developer Anadarko Petroleum said in a filing with the Security and Exchange Commission yesterday. According to MarketWatch, the filing indicates that Anadarko is assessing its strategic options with regard to the...
Canadian Prime Minister Affirms Opposition to LNG Vessels Transiting Head Harbour
Posted on Sep 28, 2006 in Canada & Mexico, LNGLawBlog, Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues, Vessel Transportation | Comments Off on Canadian Prime Minister Affirms Opposition to LNG Vessels Transiting Head Harbour
Canadian Prime Minister Stephen Harper affirmed his opposition on Tuesday to the use of Canadian waters to support LNG projects proposed for the U.S.-side of Passamaquoddy Bay. During Tuesday’s Question Period in the House of Commons, Harper said he opposed the transit of LNG tankers through Head Harbour and expressed his belief that the waters of Passamaquoddy Bay are within...
Coast Guard Issues Broadwater LNG Waterway Suitability Report
Posted on Sep 24, 2006 in Federal Regulation, LNGLawBlog, Marine Regulation, Regas Terminals & Capacity, Safety & Security, State and Local Issues, Vessel Transportation | Comments Off on Coast Guard Issues Broadwater LNG Waterway Suitability Report
On Friday, Sept. 22, the U.S. Coast Guard released its security analysis for the Broadwater LNG project proposed for Long Island Sound, concluding that the Coast Guard currently has insufficient resources to coordinate security measures necessary to “responsibly manage risks to navigation safety and security risks” associated with the facility. However, the Waterway...
Shell’s Donation to Environmental Fund Under Scrutiny
Posted on Sep 24, 2006 in Environmental, LNGLawBlog, Regas Terminals & Capacity, State and Local Issues | Comments Off on Shell’s Donation to Environmental Fund Under Scrutiny
Shell’s recent donation to the Long Island Sound Futures Fund, a conservation fund established by Congress, has prompted certain local environmental groups to question the company’s motives. They assert that Shell is using the donation to secure local support for the proposed Broadwater LNG terminal, a joint venture involving Shell and TransCanada. However, representatives...
“Significant Progress” Made on Crown Landing Vessel Transit Management Plan
Posted on Sep 15, 2006 in Federal Regulation, LNGLawBlog, Marine Regulation, Regas Terminals & Capacity, Safety & Security, State and Local Issues, Vessel Transportation | Comments Off on “Significant Progress” Made on Crown Landing Vessel Transit Management Plan
In a letter submitted to FERC on September 14, BP’s Crown Landing LLC provided an update regarding the development of a Vessel Transit Management Plan (TMP) for its proposed LNG terminal on the Delaware River. According to the letter, “significant progress” has been made by the TMP Development Committee, which was established by the Coast Guard Captain of the Port...
Dubai LNG Storage Hub Planned
Posted on Aug 22, 2006 in Blog, LNGLawBlog, Markets and Competition, Regas Terminals & Capacity, Storage | Comments Off on Dubai LNG Storage Hub Planned
Two Dubai government entities have joined with LNG Impel, a subsidiary of Galveston LNG, to develop an LNG storage hub in Dubai. With a total storage capacity of 40 to 65 bcf, the partners predict that the $1 billion project will offer flexibility to buyers and sellers, allowing them to capitalize on seasonal price variations, and will help develop a global spot market and support...