Hawaii May Consider LNG Imports
Posted on Jan 30, 2012 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Hawaii May Consider LNG Imports
Governor Neil Abercrombie (D-Hawaii) said during his “State of the State” address last week that Hawaii should consider including natural gas as part of the state’s energy future. Since Hawaii does not have any significant natural gas resources, any natural gas used by the state for electricity generation would have to be imported as LNG. Read more in the Honolulu...
Jamaican Government Remains Committed to LNG Import Project
Posted on Jan 30, 2012 in Markets and Competition, Policy, Legislation and Politics, Regas Terminals & Capacity | Comments Off on Jamaican Government Remains Committed to LNG Import Project
In a comment to Platts LNG Daily [subscription required], the project manager for Jamaica’s planned LNG import project said that the country’s government remains committed to the project. His comments followed the appointment of Phillip Paulwell as Minister of Mining and Energy. Separately, an op-ed piece carried by the Jamaica Gleaner notes that LNG imports to Jamaica could face...
Expanded Access to Panama Canal Make U.S. LNG Exports to Asia “Instantly Economic”
Posted on Jan 27, 2012 in LNG Exports, Markets and Competition, Vessel Transportation | Comments Off on Expanded Access to Panama Canal Make U.S. LNG Exports to Asia “Instantly Economic”
Reporting on a recent discussion at the Brookings Institution, AOL Energy reports that the expansion of the Panama Canal reduces the distance between proposed LNG export facilities in the United States and LNG consuming markets in Asia, making U.S. LNG exports “instantly...
BG, Cheniere Amend SPA for LNG Exports at Sabine Pass Facility
Posted on Jan 26, 2012 in LNG Exports, Markets and Competition | Comments Off on BG, Cheniere Amend SPA for LNG Exports at Sabine Pass Facility
BG Gulf Coast LNG, LLC and Cheniere Energy Partners, L.P. announced this morning that the two companies have amended their Sale and Purchase Agreement (SPA) for LNG exported via the Sabine Pass LNG facility. Under the terms of the amended agreement, BG has agreed to purchase an additional two million tons per annum (mtpa) of LNG, bringing the total amount to 5.5 mtpa. According to a...
Investment Analysts Do Not Expect Significant North American LNG Exports This Decade
Posted on Jan 26, 2012 in LNG Exports, Markets and Competition | Comments Off on Investment Analysts Do Not Expect Significant North American LNG Exports This Decade
Analysts with Barclays Capital issued a report this week predicting that LNG exports from North America will total 2 Bcf/d by 2017. According to Platts LNG Daily, the analysts state that North American LNG export proposals face a number of regulatory and market challenges. [Subscription...
Panel Suggests EIA Study Overstates U.S. LNG Export Volumes
Posted on Jan 26, 2012 in LNG Exports, Markets and Competition | Comments Off on Panel Suggests EIA Study Overstates U.S. LNG Export Volumes
Speaking in Washington, D.C., Tuesday, two industry analysts agreed that a study published by the U.S. Energy Information Administration (EIA) likely overstates the impacts of U.S. LNG exports on domestic gas prices. According to Platts, the analysts noted that the likely volume of LNG exports is far less than the 6-12 Bcf/d scenario analyzed by the...