Undeterred by the stagnated global liquefaction development and liquefied natural gas (LNG) cargoes to the United States drying up, several western LNG project proponents stayed bullish in May about the long-term prospects for North America becoming a major LNG importer. Sempra Energy’s COO repeated this theme at an energy financial conference, and two major LNG proponents in Oregon told NGI they are not worried despite the recent negative indicators.
Cargoes
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Price Not Main Factor Dictating U.S. LNG Imports, Say Analysts
Liquefied natural gas (LNG) cargoes generally do not avoid the U.S. market when gas prices here are low, according to analysts at Barclays Capital, who offer a list of other factors that drive LNG movement to the United States far more than price.
Analysts: Low U.S. Prices Don’t Scare Off LNG Imports
Liquefied natural gas (LNG) cargoes generally do not avoid the U.S. market when gas prices here are low, according to analysts at Barclays Capital, who offer a list of other factors that drive LNG movement to the United States far more than price.
LNG Importers Score Canadian Regulatory Victory
Would-be importers overcame a challenge by the Alberta government to win a landmark victory in opening eastern Canada to offshore cargoes of liquefied natural gas (LNG) with rolled-in tolls for connections to the new supplies. The National Energy Board cited the growing aggregate demand of all shippers combined with the expected decline of supplies from the Western Canada Sedimentary Basin as driving its decision.
LNG Importers Score Canadian Regulatory Victory
Would-be importers overcame a challenge by the Alberta government to win a landmark victory in opening eastern Canada to offshore cargoes of liquefied natural gas (LNG) with rolled-in tolls for connections to the new supplies. The National Energy Board cited the growing aggregate demand of all shippers combined with the expected decline of supplies from the Western Canada Sedimentary Basin as driving its decision.
ExxonMobil Sees Gas, Coal Demand Growth Leading World Energy Sector
As the world population grows from six billion to eight billion people by 2030 and economic growth increases in developing countries, the world’s energy use will rise 60% from levels seen in 2000, or 1.6% per year from 205 million barrels of oil equivalent per day (boe/d) to 335 million boe/d, even taking into account gains in energy efficiency, according to ExxonMobil’s Annual Energy Outlook released Tuesday.
NGI The Weekly Gas Market Report
U.S. Navy Tries to Torpedo Fall River LNG Project; Says It Would Interfere With Testing
The U.S. Navy, having suddenly discovered that LNG cargoes might be traversing their torpedo testing grounds, last week joined the growing chorus of parties asking FERC to reconsider its decision last month to approve the controversial Weaver’s Cove LNG import terminal project in Fall River, MA.
U.S. Navy Torpedoes Fall River LNG Project; Says It Would Interfere With Testing
The U.S. Navy, having suddenly discovered that LNG cargoes might be traversing their torpedo testing grounds, has joined the growing chorus of parties asking FERC to reconsider its decision last month to approve the controversial Weaver’s Cove LNG import terminal project in Fall River, MA.
Atlantic LNG Deflects Criticism Over Profiting from More U.S. Cargoes
Atlantic LNG said last week that it has not been approached by the government of Trinidad and Tobago to discuss any changes to its existing liquefied natural gas (LNG) contracts, despite claims earlier in the week by Trinidad Energy Minister Eric Williams that the company has not been passing along profits garnered from shifting LNG shipments to the premium U.S. market from Spain.
Atlantic LNG Deflects Criticism Over Profiting from More U.S. Cargoes
Atlantic LNG said Wednesday that it has not been approached by the government of Trinidad and Tobago to discuss any changes to its existing liquefied natural gas (LNG) contracts, despite claims earlier this week by Trinidad Energy Minister Eric Williams that the company has not been passing along profits garnered from shifting LNG shipments to the premium U.S. market from Spain.