Lithuanian Official Weighs in on Conditional Authorization of Cheniere LNG Exports
Posted on May 24, 2011 in LNG Exports, Markets and Competition | Comments Off on Lithuanian Official Weighs in on Conditional Authorization of Cheniere LNG Exports
Following last week’s conditional authorization of LNG exports from the Sabine Pass terminal, Lithuania’s Deputy Foreign Minister Egidijus Meilunas discussed the implications of the export project with the U.S. State Department this week. He noted that U.S. LNG exports could help lower Lithuanian natural gas prices. Read more in The Baltic...
Report: U.S. LNG Exports Expected to Compete with Australian Exports After 2015
Posted on May 24, 2011 in LNG Exports, Markets and Competition | Comments Off on Report: U.S. LNG Exports Expected to Compete with Australian Exports After 2015
According to The Australian, several energy analysts predict that after 2015 the United States will become a significant competitor to Australia with regard to LNG exports. Despite substantial exporting of U.S. shale gas as LNG in the coming decade, the analysts expect that Australia will remain the main supplier of LNG to Asian...
Duke CEO: Utilities Should Remain Cautious on Natural Gas
Posted on May 23, 2011 in Markets and Competition | Comments Off on Duke CEO: Utilities Should Remain Cautious on Natural Gas
James Rogers, CEO of Duke Energy Corp., said last week that American utilities should not over-rely on natural gas with the expectation that shale gas plays will solve America’s energy supply challenges. Rogers told Bloomberg that “[i]f shale gas turns out to be a mirage,” the United States will have to import more LNG from the global market. Rogers suggested that...
Apache Official Says Kitimat LNG Contracts Could Be Completed By Late 2011
Posted on May 18, 2011 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Apache Official Says Kitimat LNG Contracts Could Be Completed By Late 2011
Speaking yesterday to Dow Jones (carried via AutomatedTrader.net), an official for Apache Corp. offered a status update on the Kitimat LNG export project. The official said that Kitimat LNG should receive its final permits by the end of 2011 and that LNG sales contracts to Asian LNG purchasers could be completed by late 2011 as well. He also noted that final investments for the project...
Cheniere, Lithuanian Company Sign MOU for LNG Supply
Posted on May 17, 2011 in LNG Exports, Markets and Competition | Comments Off on Cheniere, Lithuanian Company Sign MOU for LNG Supply
Last week Cheniere Energy, Inc. and Lithuanian LNG terminal developer Klaipedos Nafta signed a Memorandum of Understanding (MOU) to negotiate supply options for the Klaipeda LNG import terminal on the eastern Baltic Sea. According to Cheniere’s press release, the two companies will begin negotiating a supply arrangement that is expected to involve U.S.-sourced LNG exported via...
Distrigas to Sell LNG to Refueling Station in Connecticut
Posted on May 16, 2011 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Distrigas to Sell LNG to Refueling Station in Connecticut
Last Friday, Distrigas of Massachusetts, a subsidiary of GDF Suez Energy North America, announced that it will sell LNG imported at the Everett LNG terminal to Enviro Express Natural Gas for distribution in Bridgeport, Conn., at the first LNG refueling station east of the Mississippi River. According to the Distrigas’ press release, this agreement marks the first time LNG has...