Gail Looking to Swap U.S. LNG Supplies to Save on Transport Costs
Posted on Jul 20, 2015 in Liquefaction, Markets and Competition | Comments Off on Gail Looking to Swap U.S. LNG Supplies to Save on Transport Costs
To save on LNG transportation costs, India’s state-owned gas utility GAIL (India) Limited (GAIL) is looking to “swap” one-third of its U.S. LNG supplies (1-2 million tonnes/year) for LNG supplies that are located closer to India, most likely from the Middle East, East Africa, or the Asia-Pacific region. According to The Times of India report, if approved by GAIL’s Board, GAIL plans to...
Crowley Maritime Adds 16 ISO Tanks to Meet LNG Demand
Posted on Jul 20, 2015 in LNG Exports, Markets and Competition, Vessel Transportation | Comments Off on Crowley Maritime Adds 16 ISO Tanks to Meet LNG Demand
Crowley Maritime Corporation announced that, in response to high customer demand, it has acquired 16 additional ISO tanks for its affiliate Carib Energy to supply LNG sourced from the United States to customers in Puerto Rico, the Caribbean and Central America. According to the press release, the new 40-foot tanks, each with capacity of 10,700 gallons of LNG, feature improved...
Access to LNG Export Market “Vital” to Canadian Gas Producers
Posted on Jul 16, 2015 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Access to LNG Export Market “Vital” to Canadian Gas Producers
The Canadian Association of Petroleum Producers has released a report concluding that Canadian gas producers must have access to global LNG markets to avoid a decade of decline in natural gas production. According to the press release, “U.S. natural gas supplies are displacing western Canadian gas in the traditional markets of Central Canada, the U.S. Midwest and U.S. Northeast” and,...
Floridian Natural Gas Storage Granted Order to Reduce LNG Storage, Sendout Capacity
Posted on Jul 16, 2015 in Federal Regulation, Liquefaction, Markets and Competition | Comments Off on Floridian Natural Gas Storage Granted Order to Reduce LNG Storage, Sendout Capacity
FERC issued an order granting Floridian Natural Gas Storage Company’s request to modify the previously authorized proposed Phase 1 LNG storage facilities near Indiantown, Fla. by substituting a 1 Bcf single-containment LNG storage tank for the previously authorized 4 Bcf full-containment tank and reducing the associated Phase 1 vaporization capacity or sendout capacity from 400...
Kinder Morgan to Purchase Shell’s Equity Interest in the Elba LNG Liquefaction Joint Venture
Posted on Jul 16, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Kinder Morgan to Purchase Shell’s Equity Interest in the Elba LNG Liquefaction Joint Venture
Today, Kinder Morgan, Inc. announced that it has agreed to purchase 100% of Shell’s equity interest in Elba Liquefaction Company, LLC (ELC), the owner of the proposed Elba Liquefaction and export project, to be located at the existing Elba Island LNG import terminal near Savannah, Ga. Kinder Morgan currently owns 51% of the ELC joint venture and will purchase Shell’s remaining 49%. ...
BP Energy Files Appeal of FERC Orders Authorizing Dominion Cove Point LNG Export Project
Posted on Jul 9, 2015 in Environmental, Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on BP Energy Files Appeal of FERC Orders Authorizing Dominion Cove Point LNG Export Project
BP Energy has filed a petition for review of FERC’s orders authorizing construction and operation of the Dominion Cove Point LNG (DCP) export terminal in Lusby, Md. BP Energy filed the petition in the U.S. Court of Appeals for the D.C. Circuit to challenge orders in which FERC determined that DCP did not unduly discriminate against BP Energy by not offering BP Energy the same...