Reactions Vary to DOE Study on Macroeconomic Effects of LNG Exports
Posted on Dec 6, 2012 in LNG Exports, Markets and Competition | Comments Off on Reactions Vary to DOE Study on Macroeconomic Effects of LNG Exports
The reactions to the U.S. Department of Energy’s release yesterday of the NERA study on the macroeconomic effects of LNG exports on the U.S. economy have been varied. Reuters provides a general overview of the study and reactions. Senator Ron Wyden (D-OR), the incoming chair of the Senate Energy and Natural Resources Committee, released a statement that the study appears to...
DOE Releases Report on Macroeconomic Impacts of LNG Exports
Posted on Dec 5, 2012 in LNG Exports, Markets and Competition | Comments Off on DOE Releases Report on Macroeconomic Impacts of LNG Exports
Today, the U.S. Department of Energy released the NERA Study assessing the macroeconomic impacts of LNG exports on the U.S. economy. The report finds that under all scenarios studied, the United States is projected to gain net economic benefits from allowing LNG exports, with an increase in net economic benefits as the level of LNG exports increased. The report also finds that...
Issues Facing BC LNG Terminal Projects
Posted on Dec 3, 2012 in LNG Exports, Markets and Competition | Comments Off on Issues Facing BC LNG Terminal Projects
An article in the Vancouver Sun discusses issues facing proposed LNG terminal projects in British Columbia, Canada. The article states that while gas supplies in the region are plentiful, BC producers will lose the United States as their major customer for gas exports if production in the United States continues to develop. Consequently, BC producers must look elsewhere for...
Japan Looks to Create LNG Futures Market
Posted on Nov 14, 2012 in Markets and Competition | Comments Off on Japan Looks to Create LNG Futures Market
According to an article in the The Yomiuri Shimbun, the Japanese Economy, Trade and Industry Ministry announced that it was consulting with electricity and gas utilities and trading companies to establish an LNG futures market in an effort to lower the price of LNG imports. The futures market could be implemented as early as...
Pricing Key to BC LNG Exports
Posted on Nov 9, 2012 in LNG Exports, Markets and Competition | Comments Off on Pricing Key to BC LNG Exports
An article in the Financial Post discusses the dilemma facing British Columbia LNG export terminal developers: long term LNG contracts linked to oil prices are essential to support development of LNG export terminals, but Asian LNG buyers want LNG contract prices to be linked to North American natural gas prices instead. On a related topic, research and consulting firm, Wood Mackenzie,...
BG Executive: U.S. LNG Export Uncertainty Possibly Affecting Global Gas Development
Posted on Oct 26, 2012 in LNG Exports, Markets and Competition, Policy, Legislation and Politics | Comments Off on BG Executive: U.S. LNG Export Uncertainty Possibly Affecting Global Gas Development
According to The Economic Times, BG Group Chief Operating Officer Martin Houston said that uncertainty surrounding the U.S. Department of Energy’s policy on U.S. LNG exports may be causing LNG buyers to hesitate to enter into LNG supply contracts, resulting in delays to gas development projects around the...