Prince George’s County Council Votes to Restrict Development of LNG Storage Tanks
Posted on Jun 2, 2006 in Policy, Legislation and Politics, State and Local Issues, Storage | Comments Off on Prince George’s County Council Votes to Restrict Development of LNG Storage Tanks
A new zoning plan passed by the Prince George’s County Council effectively would stop Washington Gas Light’s proposal to build a new LNG peak shaving facility in Chillum, Md., according to a report in The Sentinel. The Prince George’s County Council voted 6-1 on May 23 to approve the Transit District Overlay Zone, which covers the area where WGL wants to build the...
LNG Shipments Targeting Atlantic Basin May Be Rerouted to Asia
Posted on May 30, 2006 in Markets and Competition, Regas Terminals & Capacity, Storage | Comments Off on LNG Shipments Targeting Atlantic Basin May Be Rerouted to Asia
A decrease in U.S. natural gas prices coupled with storage complications in certain European markets may result in a diversion of LNG cargos from the Atlantic Basin to Asia, according to Friday’s Platts LNG Daily. The article emphasizes that the United States had a reduced need for LNG imports due to an unseasonably warm winter that kept levels at storage facilities “much...
Storage Capacity and High Futures Prices Spur Imports
Posted on May 24, 2006 in Markets and Competition, Regas Terminals & Capacity, Storage | Comments Off on Storage Capacity and High Futures Prices Spur Imports
Today’s World Gas Intelligence reports that U.S. LNG imports have increased 77% over this time last year, despite offering the lowest netbacks in the world. The Lake Charles terminal anticipates receiving volumes this month that are three times greater than those received in May 2005; at Elba Island, sendout is expected to exceed by 65% last year’s May...
Appellate Court Orders FERC to Clarify Decision in LNG Case
Posted on May 16, 2006 in Federal Regulation, Litigation, Storage | Comments Off on Appellate Court Orders FERC to Clarify Decision in LNG Case
In a ruling issued Friday, the U.S. Court of Appeals for the District of Columbia Circuit ordered FERC to explain why it declined to award restitution to Virginia Natural Gas for an alleged financial loss stemming from a breach of contract by Columbia Gas Transmission Corp. in 2003. This case arose out of a complaint filed at FERC by VNG that Columbia failed to fully honor its service...
Opponents Vow to Fight WGL’s Storage Tank Plan
Posted on Apr 14, 2006 in Policy, Legislation and Politics, State and Local Issues, Storage | Comments Off on Opponents Vow to Fight WGL’s Storage Tank Plan
Critics of Washington Gas Light’s proposal to construct an LNG storage tank in Chillum, Md. say they will continue the fight despite the failure of legislation that would have blocked the project. The Gazette reports that opponents plan to move their fight to the county level after the two bills intended to stop construction died in committee on Monday, which was the last day of...
County Executive Disappointed in Md. Senate Committee Vote on LNG Bill
Posted on Apr 11, 2006 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues, Storage | Comments Off on County Executive Disappointed in Md. Senate Committee Vote on LNG Bill
Prince George’s County Executive Jack Johnson reacted to the Senate Finance Committee’s unfavorable report on HB 927: “I think the decision is a travesty, particularly because the legislation was a local bill that had passed the House with widespread statewide support.” Johnson wants “to ensure that liquefied natural gas (LNG) facilities are not placed in...