Industry Analyst: U.S. LNG Players to Watch Export Proposals Before Developing Projects
Posted on May 31, 2011 in LNG Exports, Markets and Competition, Regas Terminals & Capacity | Comments Off on Industry Analyst: U.S. LNG Players to Watch Export Proposals Before Developing Projects
Eric Smith of the Tulane Energy Institute told the New Orleans Times-Picayune this weekend that he expects the major U.S. LNG players to watch pending export proposals, such as the Sabine Pass LNG project, very carefully before developing export projects themselves. Smith said, “I don’t see all 14 [North American LNG terminals] converting...
Cheniere Ready to Consider Minority Stake in Lithuanian LNG Regasification Project
Posted on May 27, 2011 in Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on Cheniere Ready to Consider Minority Stake in Lithuanian LNG Regasification Project
Reuters reports that Jean Abiteboul of Cheniere Energy told the Baltic News Service that Cheniere would consider taking a small equity stake in the planned Klaipedos Nafta LNG import terminal in Lithuania. According to Abiteboul, Cheniere might take a 10-20% stake in the Lithuanian project if it were...
Chesapeake Executive Says Shale Gas Can Provide Enough Supply for U.S. LNG Exports; Societe Generale Analyst Questions Timeline and Cost for U.S. Export Projects
Posted on May 26, 2011 in Financing, LNG Exports, Markets and Competition | Comments Off on Chesapeake Executive Says Shale Gas Can Provide Enough Supply for U.S. LNG Exports; Societe Generale Analyst Questions Timeline and Cost for U.S. Export Projects
Speaking yesterday at an event in San Antonio, Texas, Bill Wince of Chesapeake Energy said that his company believes strongly that American shale gas plays offer enough gas supplies to support LNG exports from the United States. Platts LNG Daily [subscription required] provides additional coverage. Separately, an industry analyst with Societe Generale issued a research note questioning...
Indonesian Official: BP May Divert Some LNG Supply Originally Pegged for Delivery to Sempra LNG
Posted on May 26, 2011 in Liquefaction, Markets and Competition | Comments Off on Indonesian Official: BP May Divert Some LNG Supply Originally Pegged for Delivery to Sempra LNG
Bloomberg reports that an official with Indonesia’s Energy and Mineral Resources Ministry told reporters that BP may divert LNG volumes originally contracted to be delivered to Sempra LNG’s North American terminals to a planned regasification terminal in North...
Ship Owner Sees Very Tight Market for Global LNG Tanker Fleet
Posted on May 26, 2011 in Markets and Competition, Vessel Transportation | Comments Off on Ship Owner Sees Very Tight Market for Global LNG Tanker Fleet
Ulf Ryder of Stena Bulk, a shipping company, told Reuters (carried via the Calgary Herald) that he has found the spot market for LNG tankers to be extremely tight at the moment. “There are too few vessels to cover all this physical movement [of LNG],” Ryder said. He went on to say that he has turned down contracts for LNG tankers at $110,000 per day seeking closer to...
El Paso CEO Raises Doubts on U.S. LNG Exports
Posted on May 25, 2011 in LNG Exports, Markets and Competition | Comments Off on El Paso CEO Raises Doubts on U.S. LNG Exports
Speaking yesterday to Houston Business Journal, El Paso Corp. CEO Doug Foshee said in response to a reporter’s question on the topic of U.S. LNG exports that “[w]e’re not a big believer that you’ll see exports of LNG from the [U.S.] Gulf...