Massachusetts Passes Bill Restricting LNG Transit
Posted on Aug 1, 2006 in Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues, Vessel Transportation | Comments Off on Massachusetts Passes Bill Restricting LNG Transit
Today’s Herald News reports on the status of a Massachusetts bill designed to restrict LNG vessel transit by imposing clearance requirements under bridges and an exclusion zone around the vessel. The bill had been delayed “due to several technical issues that the attorney felt needed changing,” said sponsor Sen. Joan Menard (D-Fall River), but “we decided to...
Brightman Street Bridge Task Force Meets
Posted on Jul 24, 2006 in LNGLawBlog, State and Local Issues, Vessel Transportation | Comments Off on Brightman Street Bridge Task Force Meets
The Herald News reports on the first meeting of the Brightman Street Bridge Reuse Task Force, which is considering ongoing uses — including park space and an emergency vehicle route — for the structure. Opponents of the Weaver’s Cove LNG terminal want to keep the bridge in place in an attempt to stop LNG vessel transit to Fall River,...
Mass. LNG Vessel Bill Passes
Posted on Jul 24, 2006 in LNGLawBlog, Policy, Legislation and Politics, Regas Terminals & Capacity, Safety & Security, State and Local Issues, Vessel Transportation | Comments Off on Mass. LNG Vessel Bill Passes
The Herald News reports that the Mass. state legislature Friday passed a bill aimed at preventing construction of the Weaver’s Cove LNG terminal in Fall River, Mass. The bill, which restricts LNG vessels from transiting under low bridges and also mirrors language from the law recently passed in Rhode Island prohibiting vessels from coming within certain distances of state...
FERC Approves Tennessee Pipeline Expansion, Rejects Everett LNG Expansion Argument
Posted on Jul 21, 2006 in Pipelines, Vessel Transportation | Comments Off on FERC Approves Tennessee Pipeline Expansion, Rejects Everett LNG Expansion Argument
FERC yesterday issued an order approving an expansion to Tennessee Gas’ pipeline system in Massachusetts. The Distrigas LNG terminal is the exclusive customer for the proposed expansion. In its order, the Commission dismissed concerns raised by the City of Boston that FERC “did not address the possibility of increased LNG shipping traffic into Boston Harbor resulting from...
New Vessels Keep Charter Rates Low
Posted on Jul 21, 2006 in Markets and Competition, Vessel Transportation | Comments Off on New Vessels Keep Charter Rates Low
Platts LNG Daily reports that daily spot rates for LNG vessels are not expected to spike to the levels seen last winter, and instead will remain in the $60,000 range. This is the combined result of available new shipping capacity intended to serve liquefaction and regasification facilities that have suffered delays, as well as high product prices that prevent buyers from...
FERC Denies Rehearing on Smaller Vessels for Fall River Terminal
Posted on Jul 20, 2006 in Federal Regulation, Regas Terminals & Capacity, Vessel Transportation | Comments Off on FERC Denies Rehearing on Smaller Vessels for Fall River Terminal
FERC issued an order yesterday denying the requests for rehearing filed by the Conservation Law Foundation and the City of Fall River in the Weaver’s Cove LNG proceeding. At issue was the Commission’s April 17, 2006 order stating that the Weaver’s Cove plan to use smaller vessels in order to allow passage under the old Brightman Street Bridge did not materially...