TEPCO to Purchase LNG from Cameron LNG Terminal Based on Henry Hub Price
Posted on Feb 7, 2013 in LNG Exports, Markets and Competition | Comments Off on TEPCO to Purchase LNG from Cameron LNG Terminal Based on Henry Hub Price
Tokyo Electric Power Company (TEPCO) announced that it has agreed on the initial terms and conditions of an agreement with Mitsui & Co., Ltd., and is in final discussions with Mitsubishi Corporation, for the purchase of approximately 800,000 tons of LNG per year from the Cameron LNG export terminal in Cameron Parish, La. The LNG purchases, starting in 2017 for a period of about 20...
Article: Profits from U.S. LNG Exports Could be Less Than Expected
Posted on Jan 15, 2013 in LNG Exports, Markets and Competition | Comments Off on Article: Profits from U.S. LNG Exports Could be Less Than Expected
An article in Bloomberg discusses the narrowing gap between future U.S. LNG export prices and Asian LNG prices, and finds that based on available data, “the difference between U.S. and Asian gas is poised to drop by more than 60 percent by 2020, leaving exporters facing a loss of as much as $6 million per tanker.” The article also states that according to Royal Dutch Shell...
New Report Evaluates Global Impacts of U.S. LNG Exports
Posted on Jan 9, 2013 in LNG Exports, Markets and Competition | Comments Off on New Report Evaluates Global Impacts of U.S. LNG Exports
A new report by the Deloitte Center for Energy Solutions and Deloitte MarketPoint LLC, funded by Cheniere Energy, Inc., assesses the global impact of LNG exports from the United States and projects an “increase of average U.S. gas prices from 2016 to 2030 of about $0.15/MMBtu.” The study speculates that the price differences between U.S. and export markets will narrow,...
Report Finds Potential Cost Savings from Hawaiian LNG Imports
Posted on Jan 8, 2013 in Markets and Competition, Regas Terminals & Capacity, State and Local Issues | Comments Off on Report Finds Potential Cost Savings from Hawaiian LNG Imports
A report by FACTS Global Energy evaluating the impacts of imports of LNG into Hawaii concludes that, under a base case LNG demand forecast, using small, U.S.-built, Jones Act compliant LNG carriers, conventional onshore terminals can deliver LNG from the U.S. West Coast to Oahu 31-47% cheaper than oil through 2030. The report finds that the savings are cut roughly in half if LNG is...
Article Provides Overview of U.S. LNG Market Conditions
Posted on Dec 12, 2012 in Markets and Competition | Comments Off on Article Provides Overview of U.S. LNG Market Conditions
An article in The Washington Post provides an overview of the LNG market in the United States, including historical developments and future outlook.
Dow Chemical CEO Criticizes DOE LNG Export Study
Posted on Dec 11, 2012 in LNG Exports, Markets and Competition | Comments Off on Dow Chemical CEO Criticizes DOE LNG Export Study
Dow Chemical Company (Dow) released a statement from its chairman and chief executive officer, Andrew N. Liveris, criticizing the U.S. Department of Energy’s recent report on the macroeconomic effects of LNG exports, calling the report “flawed, misleading, and based on outdated, inaccurate and incomplete economic data.” Liveris stated that the report, which concluded...