Analysts: Bullish Indicators for U.S. Gas Market
Posted on Jun 18, 2007 in Markets and Competition, Regas Terminals & Capacity, Storage | Comments Off on Analysts: Bullish Indicators for U.S. Gas Market
Platts LNG Daily reports that market analysts are predicting a bullish U.S. gas market for this summer. Citing the indicators released in the EIA’s short-term energy outlook last week as well as NOAA’s prediction of an active hurricane season, several gas market analysts said they expect gas prices to remain relatively high this summer. However, the Canadian National...
NATS: Supply Disruption Underscores Importance of Underground Storage
Posted on Jun 12, 2007 in Regas Terminals & Capacity, Storage, Vessel Transportation | Comments Off on NATS: Supply Disruption Underscores Importance of Underground Storage
NATS reports that the Lake Charles LNG terminal shut down operations for a few hours Saturday due to a supply disruption caused by a ship’s late arrival. NATS comments that this disruption illustrates the narrow margin for error faced by terminals and highlights the importance of using underground storage to manage a long supply chain. See the NATS Data Pack Report for further...
Application Filed for Canadian LNG Storage Facility
Posted on Jun 7, 2007 in Canada & Mexico, Storage | Comments Off on Application Filed for Canadian LNG Storage Facility
CanWest News Service (via the Times Colonist, Victoria) reports that Terasen Gas filed its application Tuesday to build an LNG storage facility on Vancouver Island, British Columbia. The facility will be used to lessen Vancouver Island’s dependence on pipeline gas from the mainland. If granted approval by the British Columbia Utilities Commission, Terasen hopes to have the...
Construction Completed on Yankee LNG Storage Facility
Posted on Jun 4, 2007 in State and Local Issues, Storage | Comments Off on Construction Completed on Yankee LNG Storage Facility
Yankee Gas Services Co. has completed construction of its $108 million LNG storage and processing facility in Waterbury, Conn., and will begin filling its tank with LNG soon. While LNG import terminals have met resistance in the region, the Hartford Courant reports that Yankee’s facility was well-received because storage facilities are more familiar to local...
El Paso Official: LNG Imports to Encourage Pipeline and Storage Investment
Posted on May 23, 2007 in Markets and Competition, Storage | Comments Off on El Paso Official: LNG Imports to Encourage Pipeline and Storage Investment
El Paso vice president Patrick Johnson, speaking at the 6th Annual Platts LNG Conference, predicted that LNG imports would encourage investment in pipeline and storage capacity in the lower 48 states. Citing a trend of diminishing Canadian exports and the increasing costs of the Mackenzie and Alaska pipeline proposals, Johnson suggested that the best way to make up the supply shortfall...
FERC Predicts Record LNG Imports
Posted on May 18, 2007 in Markets and Competition, Storage | Comments Off on FERC Predicts Record LNG Imports
FERC market analysts predict that LNG imports will continue their record-breaking pace through the summer, though FERC suggests that European and other markets may lure away LNG shipments during the winter. According to comments by Stephen Harvey, FERC’s deputy director of market oversight, Europe has less storage capacity than the United States, creating upward price pressure...