Jamaica’s Energy Minister Says Government “Committed” to LNG Project
Posted on Feb 15, 2012 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Jamaica’s Energy Minister Says Government “Committed” to LNG Project
The Caribbean Journal reports that Jamaican Energy Minister Phillip Paulwell said that the country’s government remains “committed to implementing the LNG project,” noting both economic and environmental benefits from the project. Minister Paulwell also said that the LNG-powered electricity plants should be operational by...
Environmental Activists Link Cove Point LNG Export Application to Shale Gas Production
Posted on Feb 13, 2012 in Environmental, LNG Exports, Markets and Competition | Comments Off on Environmental Activists Link Cove Point LNG Export Application to Shale Gas Production
The Baltimore Sun reports that a number of environmental activists have attempted to link the Cove Point LNG export proposal to increased production of shale gas in the U.S. Northeast. In particular, these groups argue that potential environmental harm from production activities, including the use of hydraulic fracturing to produce the natural gas, outweighs the potential economic...
BG Seeking “First-Mover” Advantage in U.S. LNG Export Sector
Posted on Feb 10, 2012 in LNG Exports, Markets and Competition | Comments Off on BG Seeking “First-Mover” Advantage in U.S. LNG Export Sector
BG Group’s CEO Frank Chapman said yesterday that his company is hoping to secure significant benefits as a “first-mover” in the U.S. LNG export sector. According to Platts LNG Daily, Chapman suggested that U.S. LNG exports could reach 5.8 Bcf/d by 2020. [Subscription...
LNG Imports Could Lower Jamaican Oil Costs by $300 Million Annually
Posted on Feb 10, 2012 in Markets and Competition, Regas Terminals & Capacity | Comments Off on LNG Imports Could Lower Jamaican Oil Costs by $300 Million Annually
The CFO for Jamaica Public Service Company told The Gleaner that using LNG to fuel the company’s proposed 360-megawatt power project could lower the country’s oil import costs by $300 million per year. The power plant is scheduled to come online by...
Industry Consultant Says Japanese Government “Surprised” No Japanese Utility Secured LNG Volumes from the Sabine Pass LNG Export Project
Posted on Feb 8, 2012 in LNG Exports, Markets and Competition | Comments Off on Industry Consultant Says Japanese Government “Surprised” No Japanese Utility Secured LNG Volumes from the Sabine Pass LNG Export Project
Fereidun Fesharaki, chairman of FACTS Global Energy, has written that he has learned that officials with the Japanese government were surprised that none of their domestic utilities secured LNG volumes from the planned Sabine Pass LNG export project. Platts LNG Daily [subscription required] offers additional...
EIA Official Expects U.S. LNG Exports to Raise End Users’ Energy Bills by 1-3%
Posted on Feb 7, 2012 in LNG Exports, Markets and Competition | Comments Off on EIA Official Expects U.S. LNG Exports to Raise End Users’ Energy Bills by 1-3%
During a presentation in Washington, D.C., this week, Angelina LaRose of the U.S. Energy Information Administration (EIA) said that she expects U.S. LNG exports could raise electricity costs for end users by between 1 and 3 percent in the coming years. Read more in Platts LNG Daily. [Subscription...