KeySpan Fine for Security Lapse Halved
Posted on May 14, 2007 in Safety & Security, State and Local Issues, Storage | Comments Off on KeySpan Fine for Security Lapse Halved
The Associated Press reports that KeySpan Corp. agreed to pay a $125,000 fine for a security breach last year at the company’s LNG storage facility in Lynn, Mass. The Massachusetts Department of Public Utilities originally levied a $250,000 fine for the incident, but the penalty was reduced on appeal after KeySpan demonstrated that its security procedures had been...
Analysts Believe Record LNG Imports Will Bolster EIA’s Storage Projection
Posted on May 10, 2007 in Markets and Competition, Storage | Comments Off on Analysts Believe Record LNG Imports Will Bolster EIA’s Storage Projection
ing to Platts LNG Daily, most analysts believe that the U.S. Energy Information Administration’s weekly storage report will estimate that, due in large part to record-breaking imports of LNG, between 90 and 100 Bcf of net volume has been added to storage during the week ending May 4. By comparison, 81 Bcf was injected into storage during the same week last year. [Subscription...
Perry, Maine Residents to Vote on Proposed Quoddy Bay LNG Agreement
Posted on Mar 26, 2007 in Financing, Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues, Storage | Comments Off on Perry, Maine Residents to Vote on Proposed Quoddy Bay LNG Agreement
Residents of Perry, Maine are set to vote today on a financial deal between the town and Quoddy Bay LNG. Under the agreement, the town would receive $3.6 million per year for hosting the proposed terminal. Another ballot question will ask whether the town should have an LNG negotiating committee. Local coverage is available in The Bangor Daily...
Plan to Build LNG Storage Facility Wins Approval
Posted on Feb 21, 2007 in Safety & Security, State and Local Issues, Storage | Comments Off on Plan to Build LNG Storage Facility Wins Approval
The San Joaquin County Planning Commission on Feb. 15 unanimously approved Apollo Energy’s plan to build an LNG storage facility in Stockton, Calif. Read more in The Record.
Quoddy Bay LNG Offers Financial Incentives to Perry, Maine
Posted on Feb 7, 2007 in Regas Terminals & Capacity, Safety & Security, State and Local Issues, Storage | Comments Off on Quoddy Bay LNG Offers Financial Incentives to Perry, Maine
The Associated Press reports that Perry, Maine residents will decide next month whether to accept Quoddy Bay LNG’s $3.6 million per year financial incentives package to facilitate the construction of its LNG storage tanks. Under the proposed 25-year deal, the annual package would include $300,000 for the cost of local emergency response services. Additionally, the company would...
Positive Reaction to Proposed LNG Peaking Facility in Florida
Posted on Jan 29, 2007 in State and Local Issues, Storage | Comments Off on Positive Reaction to Proposed LNG Peaking Facility in Florida
PalmBeachPost.com reports that most residents attending an informational meeting regarding a proposed LNG peaking facility in Indiantown, Fla., were satisfied with Floridian Natural Gas Storage’s plan to construct an LNG storage tank in their...