Arlington

AES Corp. of Arlington, VA is in the preliminary stages of plans to build a $400 million liquefied natural gas (LNG) terminal in Baltimore County, MD on the site of the former Sparrows Point shipyard.

Consumers are likely to see very little price relief next year, according to two industry prognosticators. Arlington, VA-based consulting firm Energy and Environmental Analysis Inc. (EEA) is predicting gas prices will average $9/MMBtu in 2006, while analysts at Raymond James & Associates say extremely bullish underlying fundamentals will keep prices between $9.50 and $10 next year.

Arlington, VA-based AES Corp. announced a plan Friday to build $500 million liquefied natural gas (LNG) import terminal on an uninhabited island in Boston Harbor, promoting it as an safer alternative to the existing Distrigas terminal and the proposed terminal in Fall River, MA, which was approved by the Federal Energy Regulatory Commission in late June (see Daily GPI, July 1).

Both Energy and Environmental Analysis (EEA) and Energy Ventures Analysis (EVA), two Arlington, VA-based energy industry consulting firms, predict that natural gas prices will be pressured lower this year — EEA says possibly as low as $4/MMBtu by the end of the gas storage injection season.

Both Energy and Environmental Analysis (EEA) and Energy Ventures Analysis (EVA), two Arlington, VA-based energy industry consulting firms, predict that natural gas prices will be pressured lower this year — EEA says possibly as low as $4/MMBtu by the end of the gas storage injection season.

Gas prices are likely to average $6.10 at the Henry Hub this year and catapult over the $7 mark in 2005, according to consultants at Energy and Environmental Analysis Inc. in Arlington, VA. EEA said in a report Wednesday that despite adequate storage injections and average working gas levels, it expects prices for the rest of the injection season to average $6.45 at the Henry Hub.

AES Ocean Express LLC has won final environmental clearance from FERC to construct the 54-mile U.S. leg of a pipeline that would transport vaporized gas to southern Florida from a proposed liquefied natural gas (LNG) import terminal in the Bahamas. This action puts the AES Ocean project ahead of the competing Bahamas-to-Florida projects sponsored by Tractebel and El Paso Corp.

AES Corp.’s ongoing liquidity crunch was significantly eased last week after the Arlington, VA-based power company said that it has successfully completed a $2.1 billion bank and bond refinancing and entered into agreements to sell two of its Australian generation businesses for $165 million.

Will the South Atlantic region be the next ‘California 1992’ or ‘California 2000?’ That’s the question Arlington, VA-based consulting firm Energy and Environmental Analysis Inc.(EEA) asked in its July Monthly Gas Update because of all the pipeline expansions planned for the region and the current financial turmoil affecting the companies who are behind the new projects.