Crown Landing Cancels Proposed LNG Import and Regasification Project
Posted on Jan 9, 2012 in Federal Regulation, Markets and Competition, Regas Terminals & Capacity | Comments Off on Crown Landing Cancels Proposed LNG Import and Regasification Project
Crown Landing LLC has surrendered its LNG import and regasification authorization issued by FERC. In its letter to the Commission, available in the eLibrary under Docket No. CP04-411, Crown Landing noted that increased production from North American gas shale plays and growing demand for natural gas around the world have combined to “make it unlikely that the company can secure...
Despite Market Challenges, Canaport LNG Maintains Utilization Rate Above Industry Average
Posted on Jan 6, 2012 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Despite Market Challenges, Canaport LNG Maintains Utilization Rate Above Industry Average
CBC News reports that, although utilization rates are as low as 5% at other North American LNG import facilities, Canaport LNG is operating at approximately 30% of its capacity. An industry analyst noted that the facility’s utilization rate has been buoyed by a monthly LNG cargo delivery from...
Congressman Asks Energy Secretary About Effects of U.S. LNG Exports
Posted on Jan 5, 2012 in LNG Exports, Markets and Competition, Policy, Legislation and Politics | Comments Off on Congressman Asks Energy Secretary About Effects of U.S. LNG Exports
Representative Edward Markey (D-Mass.) sent a letter to U.S. Secretary of Energy Steven Chu this week asking the secretary about the likely effects on domestic natural gas markets of exporting U.S. gas as LNG. According to Reuters, Rep. Markey’s letter underscores the concern that exporting natural gas may raise energy prices in the United States. Congressman Markey asked...
European LNG Headlines
Posted on Jan 4, 2012 in Markets and Competition | Comments Off on European LNG Headlines
United Kingdom Overtaking Spain to Become World’s Third-Biggest LNG Buyer (Bloomberg)
Industry Consultants: U.S. LNG Exports Could Affect Global Gas Market
Posted on Jan 4, 2012 in LNG Exports, Markets and Competition | Comments Off on Industry Consultants: U.S. LNG Exports Could Affect Global Gas Market
Energy consultancy IHS CERA suggests that U.S. LNG exports could have a significant impact on the global LNG market if all the proposed U.S. projects go forward. Read more in the Globe and...
Analysis Examines Interests on Both Sides of LNG Export Debate
Posted on Dec 22, 2011 in LNG Exports, Markets and Competition, Regas Terminals & Capacity | Comments Off on Analysis Examines Interests on Both Sides of LNG Export Debate
An analysis carried in today’s Wall Street Journal examines the claims of both sides of the debate over whether to authorize the export of domestic U.S. natural gas as LNG to markets overseas on a large...