Kelliher: Storage Facilities May Reach Capacity by August; Additional Storage Infrastructure Needed
Posted on Jul 27, 2006 in Federal Regulation, Markets and Competition, Storage | Comments Off on Kelliher: Storage Facilities May Reach Capacity by August; Additional Storage Infrastructure Needed
Gas storage facilities may reach maximum capacity by late August, two months earlier than expected, if imports of LNG continue to rise during the summer months, FERC Chairman Joseph Kelliher said yesterday at the Platts Energy Podium in Washington, D.C. Kelliher encouraged the construction of additional natural gas storage infrastructure as a means of mitigating the impacts of early...
Increased Liquefaction and U.S. Storage Capacity Spur LNG Imports
Posted on Jul 20, 2006 in Markets and Competition, Regas Terminals & Capacity, Storage | Comments Off on Increased Liquefaction and U.S. Storage Capacity Spur LNG Imports
World Gas Intelligence reports that the U.S. imported approximately 2 Bcf/d of LNG in the second quarter of 2006. The Lake Charles LNG terminal received large import volumes, averaging 650 MMcf/day, after receiving only 101 MMcf/day in the first quarter. By contrast, the Cove Point terminal experienced a slight decrease in imports due to the expiration of supply contracts last...
KeySpan LNG Storage Facility Not in Danger From Nearby Fire
Posted on Jul 20, 2006 in LNGLawBlog, Safety & Security, State and Local Issues, Storage | Comments Off on KeySpan LNG Storage Facility Not in Danger From Nearby Fire
A lightning strike in Providence, Rhode Island caused gasoline explosions on the property of Motiva Enterprise’s petroleum storage tank farm. The resulting fire occurred on a pier less than a 1,000 feet away from the existing KeySpan LNG peak shaving storage tank. However, according to Assistant Providence Fire Chief Mark Pare, the LNG...
El Paso Announces Plans for Arizona Gas Storage Facility
Posted on Jun 23, 2006 in Storage | Comments Off on El Paso Announces Plans for Arizona Gas Storage Facility
El Paso has announced that its Western Pipeline Group will apply for permission to build an underground natural gas storage facility near Eloy, Ariz., 40 miles southeast of Phoenix, to accommodate an expected increase in LNG shipments. Read more in yesterday’s Platts LNG Daily. [Subscription...
FERC Urges Increase In LNG Storage Capacity
Posted on Jun 15, 2006 in Federal Regulation, Markets and Competition, Storage | Comments Off on FERC Urges Increase In LNG Storage Capacity
FERC today endorsed a broader market-based rate regime that aims to promote investment in domestic natural gas storage infrastructure. Such investment would allow the United States to compete for Atlantic Basin LNG supply available during seasonal shifts in demand. FERC Staff’s report to the Commission is here. Additional press coverage is provided by Greenwire. [Subscription...
WGL Considers Litigation Over Proposed LNG Storage Tank
Posted on Jun 15, 2006 in Litigation, State and Local Issues, Storage | Comments Off on WGL Considers Litigation Over Proposed LNG Storage Tank
Washington Gas Light says it may file lawsuits in response to a May 23 decision by the Prince George’s County Council to approve a zoning plan that would bar the placement of fuel storage tanks in certain parts of the county. The company argues that its proposed LNG peak shaving tank is necessary to boost natural gas supply, helping to keep costs low for consumers. Details are in The...