Alan

Following closely on the heels of Federal Reserve Chairman Alan Greenspan’s pro-LNG testimony before a House panel, Cheniere Energy Inc. said Friday that it has closed the formation of its partnership with BPU LNG, an affiliate of Sherwin Alumina, to build an LNG receiving facility on a site adjacent to the Sherwin Alumina plant in Corpus Christi, TX. The partnership was first announced in mid-May (see Daily GPI, May 16).

Coming one day after Federal Reserve Chairman Alan Greenspan warned Congress of the gravity of the U.S. natural gas supply shortfall, the Senate on Wednesday passed a bipartisan amendment as part of its broad energy bill that would require the secretary of the Department of Energy (DOE) to report to Capitol Hill on the gas market.

FERC Chairman Pat Wood said the testimony of Federal Reserve Chairman Alan Greenspan on Tuesday underscored the economic importance of abundant, reasonably-priced natural gas. He also noted that the industry is well on its way toward increasing imports of liquefied natural gas.

Federal Reserve Chairman Alan Greenspan undoubtedly will be the star at Tuesday’s House Energy and Commerce Committee fact-finding hearing that will explore the natural gas supply-demand imbalance situation. But his testimony will be preceded by eight leading executives in the gas industry, who are experts in their own right.

Federal Reserve Chairman Alan Greenspan will join producers and consumers this week in testifying on the increasingly critical natural gas supply situation before the House Energy and Commerce Committee.

Federal Reserve Chairman Alan Greenspan will join producers and consumers next week in testifying on the increasingly critical natural gas supply situation before the House Energy and Commerce Committee.

The nation’s chief economic guru Alan Greenspan signaled a growing alarm over high natural gas prices and tight supplies during an appearance before a joint congressional panel last Wednesday.

Citing remarks earlier in the week by Federal Reserve Chairman Alan Greenspan, a California regulator Thursday issued a warning that his state cannot expect to remain aloof from a possible “perfect storm” in a coming winter that would see supply shortages and severe price spikes in wholesale natural gas supplies. He urged more demand-side management and taking more advantage of several unique new supply opportunities, including more Rocky Mountain supplies, for which he suggested the state make “a long-term” commitment.

Citing remarks earlier in the week by Federal Reserve Chairman Alan Greenspan, a California regulator Thursday issued a warning that his state cannot expect to remain aloof from a possible “perfect storm” in a coming winter that would see supply shortages and severe price spikes in wholesale natural gas supplies. He urged more demand-side management and taking more advantage of several unique new supply opportunities, including more Rocky Mountain supplies, for which he suggested the state make “a long-term” commitment.