Trinidad & Tobago LNG Exports to United States Fall Below Henry Hub Price
Posted on Feb 28, 2012 in Liquefaction, Markets and Competition | Comments Off on Trinidad & Tobago LNG Exports to United States Fall Below Henry Hub Price
Trinidad Express reported today that prices of LNG exports from Trinidad and Tobago to the US have fallen below the Henry Hub price level, potentially affecting the country’s budget. However, Trinidad’s Energy Minister Kevin Ramnarine told the newspaper that impact of relatively low gas prices in the United States on Trinidad’s economy should be limited because...
Negotiations Continue Over LNG Cargo Diversions from Tangguh LNG
Posted on Feb 27, 2012 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Negotiations Continue Over LNG Cargo Diversions from Tangguh LNG
Platts LNG Daily [subscription required] reports that negotiations are continuing between Sempra Energy and Indonesia’s gas producers regarding potential cargo diversions from the Tangguh LNG liquefaction facility. The article notes that Sempra may permit up to 54 cargos to be diverted from Sempra’s initial destination, the Costa Azul LNG regasification terminal in Baja...
British Columbia to Offer Gas Royalty Relief to Help Develop LNG Export Infrastructure
Posted on Feb 24, 2012 in LNG Exports, Markets and Competition, State and Local Issues | Comments Off on British Columbia to Offer Gas Royalty Relief to Help Develop LNG Export Infrastructure
The provincial government of British Columbia will allow up to $120 million in royalty credits to help develop oil and natural gas infrastructure in the province, including the LNG export facilities proposed for Canada’s West Coast. The Vancouver Sun provides further details. Separately, the Edmonton Journal offers an op-ed piece that argues Canadian LNG export projects risk...
Op-Ed Argues LNG Exports Will Encourage U.S. Gas Production
Posted on Feb 23, 2012 in E&P, LNG Exports, Markets and Competition, Policy, Legislation and Politics | Comments Off on Op-Ed Argues LNG Exports Will Encourage U.S. Gas Production
An op-ed carried by The Hill argues that allowing LNG exports of domestically produced natural gas will encourage production in the United States from shale gas plays. The piece also asserts that domestic gas exported as LNG would likely be “dry gas,” with relatively low concentrations of natural gas liquids, so U.S. manufacturers would not face a shortage of these valuable...
Total CEO Predicts Limited U.S. Exports of LNG
Posted on Feb 21, 2012 in LNG Exports, Markets and Competition | Comments Off on Total CEO Predicts Limited U.S. Exports of LNG
Speaking to Platts in London, Total CEO Christophe de Margerie said that he does not expect the United States will export large volumes of natural gas as LNG. De Margerie suggested that the U.S. Department of Energy will limit LNG export volumes to keep domestic gas prices “at a low...
CFO: Jamaica Public Service Will Not Move Forward on New Gas Power Plant Until Government Commits to LNG Imports
Posted on Feb 17, 2012 in Markets and Competition, Regas Terminals & Capacity | Comments Off on CFO: Jamaica Public Service Will Not Move Forward on New Gas Power Plant Until Government Commits to LNG Imports
Speaking at a news conference yesterday, Dan Theoc, CFO for Jamaica Public Service, said that his company would not move forward on a planned gas-fired power plant until the Jamaican government demonstrates that it is committed to building an LNG import facility offshore Jamaica. Read more in the Jamaica...