Progress Energy Canada Finalizes Agreement With JAPEX
Posted on Apr 29, 2013 in LNG Exports, Markets and Competition | Comments Off on Progress Energy Canada Finalizes Agreement With JAPEX
Progress Energy Canada Ltd., Pacific NorthWest LNG Ltd. and Petroliam Nasional Berhad (PETRONAS) announced today that they have finalized a deal with JAPEX Montney Ltd., the Canadian subsidiary of Japan Petroleum Exploration Co. Ltd. (JAPEX), whereby JAPEX will acquire a 10% interest in Progress Energy Canada’s natural gas assets in northeast British Columbia and in the proposed...
FERC Relies on Marketplace to Determine Which LNG Projects Get Built
Posted on Apr 22, 2013 in Federal Regulation, Markets and Competition | Comments Off on FERC Relies on Marketplace to Determine Which LNG Projects Get Built
Platts LNG Daily [subscription required] reports that FERC Commissioner Philip Moeller recently explained that in reviewing LNG export terminal applications, FERC does not consider the likelihood of success for a project but allows the marketplace to determine which projects get built. Moeller added that FERC does not consider LNG export policy issues either, as those are considered by...
LNG Demand Enough to Support Some B.C. LNG Export Projects
Posted on Apr 9, 2013 in LNG Exports, Markets and Competition | Comments Off on LNG Demand Enough to Support Some B.C. LNG Export Projects
According to an article in The Vancouver Sun, two industry officials recently predicted that there is enough global LNG demand to support some, but not all, of the LNG export terminals proposed for construction in British...
Japan to List LNG Futures Contract on Tokyo Commodity Exchange
Posted on Mar 29, 2013 in Markets and Competition | Comments Off on Japan to List LNG Futures Contract on Tokyo Commodity Exchange
Bloomberg reports that Japan plans to list an LNG futures contract on the Tokyo Commodity Exchange within the next two years. According to the report, the contract will be the world’s first LNG futures contract, and the Japanese government is expected to ask Singapore and the United States to list similar...
Article Discusses Economic Issues Facing Canadian LNG Terminal Developers
Posted on Mar 26, 2013 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Article Discusses Economic Issues Facing Canadian LNG Terminal Developers
An article in the Calgary Herald discusses recent reports by Ernst & Young and FirstEnergy Capital on the global LNG market, and states that even though Canada’s political stability is attractive to LNG export terminal developers, economics may favor development of such terminals in the United States since converting a U.S. brownfield LNG import terminal to an LNG export...
New Report Assesses Future LNG Pricing
Posted on Mar 21, 2013 in Markets and Competition | Comments Off on New Report Assesses Future LNG Pricing
A new report from Ernst & Young examines future world pricing of LNG and predicts “gradual but partial” movement away from oil-indexed LNG prices to spot- or hub-based pricing as competition among LNG suppliers increases. Read more in the press...