Casting

Global buyers of liquefied natural gas (LNG) will increasingly turn to the United States, casting a shadow over Australia’s LNG industry, at least temporarily, said Wood Mackenzie’s Andrew McManus, head of the firm’s upstream consulting business in Australia.

The growing size and complexity of several liquefied natural gas (LNG) export projects in western Canada is casting some doubts about their viability, according to the CEO of one of the similar proposed West Coast export projects in Oregon. Ultimately, this may work to the advantage of U.S. LNG export projects that are relatively simple in comparison.

Citing commercial, environmental and technological uncertainties, the environmental group Western Resource Advocates (WRA) released a report casting doubts on oil shale, and emphasizing its distinct differences with shale gas and shale oil.

Standard & Poor’s Ratings Services (S&P) is casting a wary eye on gas-weighted North American producers with low-speculative-grade ratings. Such firms could face downgrades if gas prices fall below $6.50/Mcf, S&P warned in a note last week, but it conceded that gas prices should see support from fundamentals.

Standard & Poor’s Ratings Services (S&P) is casting a wary eye on gas-weighted North American producers with low-speculative-grade ratings. Such firms could face downgrades if gas prices fall below $6.50/Mcf, S&P warned in a note Monday, but it conceded that gas prices should see support in the near term.

Casting off the contracts that once catapulted it to the top of the gas marketer rankings, Mirant Corp. last Thursday said it will sell a significant portion of its Canadian gas aggregator, transportation and storage agreements to food processing giant Cargill Ltd. Terms of the deal were not disclosed, but financially struggling Mirant said it would reduce its collateral obligations by about $200 million.

Casting off the contracts that once catapulted it to the top of the gas marketer rankings, Mirant Corp. on Thursday said it will sell a significant portion of its Canadian gas aggregator, transportation and storage agreements to food processing giant Cargill Ltd. Terms of the deal were not disclosed, but financially struggling Mirant said it would reduce its collateral obligations by about $200 million.

FERC has upheld an order approving Tennessee Gas Pipeline’s newtransportation service agreements with six shippers, casting asideproducer arguments that the contracts included negotiated terms andconditions and raised right-of-first-refusal (ROFR) issues.

FERC last week upheld an order approving Tennessee GasPipeline’s new transportation service agreements with six shippers,casting aside producer arguments that the contracts includednegotiated terms and conditions and raised right-of-first-refusal(ROFR) issues.