Canaport LNG Terminal to Include Third Storage Tank
Posted on Sep 7, 2007 in Canada & Mexico, Regas Terminals & Capacity, Storage | Comments Off on Canaport LNG Terminal to Include Third Storage Tank
Canaport LNG announced yesterday that it would build a third storage tank at its facility currently under construction near St. John, New Brunswick. Construction of a third tank was contemplated under the original regulatory approval for the project, therefore Canaport does not need to seek additional government approvals. The Amherst Daily News reports that the additional storage tank...
Trunkline Terminal to Streamline Vaporization Process
Posted on Jul 17, 2007 in Regas Terminals & Capacity, State and Local Issues, Storage | Comments Off on Trunkline Terminal to Streamline Vaporization Process
[This post was removed July 19, 2007, because of inadequate information.]
Analysis: Underground Storage Essential to U.S. LNG Market
Posted on Jul 11, 2007 in Markets and Competition, Storage | Comments Off on Analysis: Underground Storage Essential to U.S. LNG Market
An analysis in World Gas Intelligence offers insight into the importance of underground storage to the U.S. LNG market, citing the ability to absorb regasified supplies during periods of relatively low demand. The piece points to the expansion at the Cove Point LNG regasification terminal as the major storage source on the East Coast and predicts that much of this storage capacity will...
Salt Cavern Storage Facility for Regasified LNG Proposed in Eastern Canada
Posted on Jul 11, 2007 in Canada & Mexico, Storage | Comments Off on Salt Cavern Storage Facility for Regasified LNG Proposed in Eastern Canada
Alton Natural Gas Storage filed an environmental assessment with the Nova Scotia Environment and Labour Department last Friday for a salt cavern storage facility to be located near the Maritimes and Northeast Pipeline. Explaining the growing need for such storage facilities, one analyst told Platts LNG Daily, “[s]toring LNG in an LNG terminal is very expensive. You really want to...
Alaskan LNG Trucking Firm Plans to Secure North Slope Supply
Posted on Jul 5, 2007 in Liquefaction, Markets and Competition, Storage | Comments Off on Alaskan LNG Trucking Firm Plans to Secure North Slope Supply
The Anchorage Daily News reports that Fairbanks Natural Gas, a firm that specializes in liquefying and trucking natural gas to Fairbanks, Alaska, has announced that once it secures gas supply from the North Slope, it plans to develop an LNG liquefaction facility in the region. The company states that it has several governmental permits already and that it has been negotiating for...
U.S. Gas Storage Inventories May Surpass Last Summer’s Record
Posted on Jun 29, 2007 in Markets and Competition, Storage | Comments Off on U.S. Gas Storage Inventories May Surpass Last Summer’s Record
The Energy Information Administration (EIA) released figures yesterday reporting that 99 Bcf net of natural gas was injected into U.S. storage during the week ending June 22, bringing current gas inventories to 2.443 trillion cubic feet (Tcf). Platts LNG Daily [subscription required] reports that some analysts believe that steady LNG imports and current storage injection trends may...