Citing Changes in Global Gas Market, Jamaican Prime Minister Defends Commitment to LNG Imports
Posted on Dec 6, 2010 in Markets and Competition, Policy, Legislation and Politics, Regas Terminals & Capacity | Comments Off on Citing Changes in Global Gas Market, Jamaican Prime Minister Defends Commitment to LNG Imports
Jamaican Prime Minister Bruce Golding recently defended his government’s decision to pursue LNG imports as an energy source for the island nation. He noted that increases in global gas supplies, specifically natural gas from U.S. shale gas plays, suggest that gas prices could be advantageous for importers like Jamaica. Read more in the Jamaica...
European LNG Headlines
Posted on Dec 2, 2010 in Markets and Competition, Regas Terminals & Capacity | Comments Off on European LNG Headlines
EU Regulators Set to Make LNG Anti-Hoarding a Priority in 2011 (Platts LNG Daily) [Subscription required] Ukraine Approves Intergovernmental Memorandum for LNG Supplies from Azerbaijan (News.Az) LNG on the Way to Cyprus, “But Not at Any Cost” (Cyprus...
Cheniere and Gas Natural Fenosa Sign MOU for LNG Processing at Sabine Pass Facility
Posted on Nov 30, 2010 in LNG Exports, Markets and Competition, Regas Terminals & Capacity | Comments Off on Cheniere and Gas Natural Fenosa Sign MOU for LNG Processing at Sabine Pass Facility
Yesterday Cheniere Energy Partners, L.P. and Gas Natural Fenosa announced that they have agreed to a non-binding Memorandum of Understanding (MOU) that would grant Gas Natural Fenosa 1.5 Mtpa of bi-directional LNG processing capacity at the Sabine Pass LNG facility. The agreement is contingent upon a number of conditions precedent, including Cheniere securing the necessary regulatory...
British-American LNG Trade Resumes After More Than Fifty Years
Posted on Nov 23, 2010 in Markets and Competition, Regas Terminals & Capacity | Comments Off on British-American LNG Trade Resumes After More Than Fifty Years
Bloomberg reports that an LNG cargo from the United States has been delivered to the Isle of Grain terminal in the United Kingdom, the first such cargo since 1959.
Freeport LNG Plans to Add Liquefaction Capacity
Posted on Nov 23, 2010 in Liquefaction, Markets and Competition | Comments Off on Freeport LNG Plans to Add Liquefaction Capacity
Freeport LNG and Australian bank Macquarie have announced that they will partner to install natural gas liquefaction capacity totaling 1.4 Bcf/d at the Freeport LNG terminal site. Freeport LNG Chairman and CEO cited the expansion of U.S. natural gas reserves from shale gas plays. According to the Houston Chronicle, the project will cost approximately $2 billion and should be complete...
As Liberty LNG Moves Forward, ExxonMobil Suspends Efforts on BlueOcean LNG Deepwater Port Project
Posted on Nov 19, 2010 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on As Liberty LNG Moves Forward, ExxonMobil Suspends Efforts on BlueOcean LNG Deepwater Port Project
Platts LNG Daily [subscription required] reports that ExxonMobil has suspended its development of the BlueOcean LNG deepwater port project proposed for offshore New Jersey. A company spokesperson cited regional market conditions as the reason for ExxonMobil’s decision. In the same news article, Roger Whelan, president of the Liberty LNG deepwater port project, said that he...