Provincial Regulator Approves LNG Risk Assessment Study for Newfoundland LNG
Posted on Nov 8, 2007 in Canada & Mexico, Safety & Security, Storage | Comments Off on Provincial Regulator Approves LNG Risk Assessment Study for Newfoundland LNG
The Newfoundland Department of Environment has deemed the risk assessment study submitted by Newfoundland LNG to be satisfactory. According to The Telegram (Newfoundland, Canada), the next step in the regulatory process is a comprehensive federal study of the transshipment facility proposal. The Telegram also notes that the next public meeting on Newfoundland LNG will be in...
TransCanada Proposes Expansion of Gas Storage in Michigan
Posted on Sep 28, 2007 in Markets and Competition, Storage | Comments Off on TransCanada Proposes Expansion of Gas Storage in Michigan
Bloomberg reports that TransCanada Corp. has announced that it is considering expanding its natural gas storage facilities in Michigan in order to capitalize on the rising demand for gas in the Midwest. A TransCanada vice president told the publication that increasing LNG imports also contribute to the need for storage. He said, “That supply is likely not to be arriving in a...
FERC Authorizes Elba Island Expansion; Calhoun Construction
Posted on Sep 21, 2007 in Federal Regulation, Pipelines, Regas Terminals & Capacity, Storage | Comments Off on FERC Authorizes Elba Island Expansion; Calhoun Construction
Yesterday FERC announced that Calhoun LNG has approval to begin construction of its proposed LNG import terminal and associated Point Comfort Pipeline. The Calhoun LNG regasification facility will have an initial sendout capacity of 1 Bcf/d. The order authorizing construction is available in FERC eLibrary under Docket No. CP05-91. FERC concurrently announced authorization of the Elba...
High Premiums for Diverting Cargos May Delay Developing Global LNG Market
Posted on Sep 19, 2007 in Markets and Competition, Storage | Comments Off on High Premiums for Diverting Cargos May Delay Developing Global LNG Market
According to speakers and participants at the APGAS conference in San Diego, the increasing globalization of the LNG market may be hitting an obstacle as suppliers, especially Qatar, continue to charge Asian LNG buyers a premium well in excess of the actual cost of diverting supplies from the Atlantic to the Pacific. Due to storage constraints, LNG importers in East Asia have little...
Excelerate, Suez Energy On Board with Newfoundland LNG Storage Project
Posted on Sep 17, 2007 in Canada & Mexico, Markets and Competition, Storage | Comments Off on Excelerate, Suez Energy On Board with Newfoundland LNG Storage Project
The Packet (Newfoundland) reports that Excelerate Energy and Suez Energy have agreed to store some of their LNG supplies at the proposed Newfoundland LNG facility at Grassy Point in Newfoundland, Canada. Excelerate’s VP of Operations explained, “although the Newfoundland project is about two days sailing from our Northeast Gateway port facility, and six days from our Gulf...
Virginia Energy Plan Identifies Hampton Roads Region as Attractive LNG Expansion Target
Posted on Sep 14, 2007 in Regas Terminals & Capacity, State and Local Issues, Storage | Comments Off on Virginia Energy Plan Identifies Hampton Roads Region as Attractive LNG Expansion Target
Governor Timothy Kaine (D-Va.) announced his comprehensive energy plan on Wednesday. The plan noted the need to improve the state’s gas pipeline and storage infrastructure and recommended that Virginia “carefully consider support for projects to diversify its natural gas supplies, such as new LNG terminals and increasing pipeline capacity.” The plan specifically...