Freeport LNG Withdraws NGL Extraction System Application at FERC
Posted on Oct 14, 2011 in Federal Regulation, Markets and Competition, Regas Terminals & Capacity | Comments Off on Freeport LNG Withdraws NGL Extraction System Application at FERC
Citing changed market conditions and a shifted focus toward LNG exports, Freeport LNG informed FERC this week that the company has decided to withdraw its application to install and operate a natural gas liquids (NGL) extraction system. Freeport LNG’s filing is available under Docket No. CP03-75 in FERC’s...
Industry Studies Predict U.S. LNG Exports Will Raise Domestic Gas Prices Slightly in Coming Decades
Posted on Oct 14, 2011 in LNG Exports, Markets and Competition | Comments Off on Industry Studies Predict U.S. LNG Exports Will Raise Domestic Gas Prices Slightly in Coming Decades
Platts LNG Daily [subscription required] reports that several studies offered by LNG export proponents predict that U.S. LNG exports will raise Henry Hub natural gas prices by some 22 cents per MMBtu between 2016 and 2035. The studies also say that the export projects could create 100,000 jobs...
European LNG Headlines
Posted on Oct 13, 2011 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on European LNG Headlines
Statoil: Hammerfest LNG to Shut Down for 2-3 Weeks from Oct. 14 (Fox Business) Spain to Re-Export LNG for Thirsty Asia (Reuters)
Spectra CEO: United States and Canada LNG Export Projects Competing for Customers
Posted on Oct 13, 2011 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Spectra CEO: United States and Canada LNG Export Projects Competing for Customers
Speaking in Washington, D.C., earlier this week, Spectra Energy CEO Gregory Ebel said that developers of LNG export projects in Canada and the United States are competing for LNG buyers around the world. Platts Gas Daily [subscription required] also said that he hopes Canadian authorities will grant an LNG export license for the Kitimat LNG project...
Op-Ed: Alaska’s North Slope Gas Ideal for Asian LNG Customers
Posted on Oct 12, 2011 in LNG Exports, Markets and Competition | Comments Off on Op-Ed: Alaska’s North Slope Gas Ideal for Asian LNG Customers
An op-ed carried by the Anchorage Daily News argues that development of natural gas reserves on Alaska’s North Slope, which are planned to be exported as LNG to gas customers in Asia, would be ideal for both Alaska and gas consumers in Asia...
Analysis: LNG Export from British Columbia Offers Great Potential for Economic Growth
Posted on Oct 11, 2011 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Analysis: LNG Export from British Columbia Offers Great Potential for Economic Growth
An analysis carried by the Globe and Mail of the LNG export projects proposed in British Columbia concludes that the projects offer great potential for economic benefits, particularly in the communities surrounding Kitimat, British Columbia. The piece notes that the British Columbian projects have the advantage of shorter shipping distances to markets in Asia compared with competing...