Cheniere CEO Expects Significant Increase in U.S. Natural Gas Exports
Posted on Apr 19, 2012 in LNG Exports, Markets and Competition | Comments Off on Cheniere CEO Expects Significant Increase in U.S. Natural Gas Exports
Speaking to the New York Times, Cheniere Chairman and CEO Charif Souki said that although the United States is not likely to export significant quantities of gas in the next five years, the country may export 4 Bcf/d by 2022 and 15 Bcf/d by...
Neptune LNG Deepwater Port Received Four LNG Deliveries During First Two Years of Operations
Posted on Apr 16, 2012 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Neptune LNG Deepwater Port Received Four LNG Deliveries During First Two Years of Operations
The Gloucester Times (Mass.) reports that GDF Suez’s Neptune LNG deepwater port, located offshore Massachusetts, has received four LNG cargos since the facility began operations in February 2010. A spokesperson for Distrigas, an affiliate of GDF Suez, cited relatively low natural gas prices as the reason the terminal “[hasn’t] had a shipment in a...
Canada Announces Approval of BC LNG Export License
Posted on Apr 13, 2012 in LNG Exports, Markets and Competition | Comments Off on Canada Announces Approval of BC LNG Export License
Canadian Minister of Natural Resources Joe Oliver announced in a press release Wednesday that a 20-year license to export LNG has been granted to BC LNG Export Co-operative, stating that “[t]his export license is another example of our Government’s commitment to diversifying our energy export markets and strengthening our trading partnership with...
Canada to Create New Entry Rules for Foreign LNG Workers, Limit LNG Project Environmental Review Timeline
Posted on Apr 13, 2012 in Markets and Competition | Comments Off on Canada to Create New Entry Rules for Foreign LNG Workers, Limit LNG Project Environmental Review Timeline
Canadian Immigration Minister Jason Kinney said in a speech this week that by the end of 2012 his government will create a new entry arrangement to permit thousands of skilled foreign workers to enter the country to work in the LNG and oil sands industries. Separately, Natural Resources Minister Joe Oliver said that the Canadian government intends to impose a two-year limit on the...
First LNG Swaps Introduced Next Week
Posted on Apr 13, 2012 in Markets and Competition | Comments Off on First LNG Swaps Introduced Next Week
The first cleared financial derivatives contracts for LNG are expected to be introduced for trading on April 16 by CME Group Inc., which will offer contracts covering four markets: East Asia, Iberia, the Mediterranean and Northwest Europe. Read more in...
Alaska Pushing LNG Sales to Asia
Posted on Apr 11, 2012 in LNG Exports, Markets and Competition | Comments Off on Alaska Pushing LNG Sales to Asia
Alaska Natural Resources Department Commissioner Dan Sullivan is working to convince Asian customers of the benefits of purchasing Alaskan LNG supplies in an effort to replace revenues from sales of the state’s dwindling petroleum supplies, according to an article in today’s...