Export

Marathon Oil said Friday that it remains on track to begin first shipments of liquefied natural gas (LNG) from its plant in Equatorial Guinea in the fourth quarter of 2007. The LNG project will produce a minimum of 3.4 million metric tonnes per year and all of the supply is under a 17-year agreement with BG Gas Marketing Ltd, which will bring most of it to the LNG import terminal in Lake Charles, LA.

Following on the heels of its merger with El Paso Corp.’s GulfTerra Energy Partners LLP last month, Enterprise Products Partners LP announced last week it is restructuring its board of directors so that most of the general partner’s directors are independent. Enterprise merged with GulfTerra, El Paso Corp.’s energy partnership, in mid-December (see Daily GPI, Dec. 16, 2003).

As Canadian natural gas exports to the United States turn up again, reversing shrinkage experienced in the last contract year, supply questions are moving out of the realm of theory and into practical cases.

As Canadian natural gas exports to the United States turn up again, reversing shrinkage experienced in the last contract year, supply questions are moving out of the realm of theory and into practical cases.

As Atlantic Canada’s new natural gas industry prepares to beginproduction and export deliveries Nov. 1, the National Energy Board(NEB) has set out to keep it clear of legal and political feudsdisrupting the region’s fishing community.

Backers of Alliance Pipeline Project are going out on a bigfinancial limb by spending heavily to advance the proposed newCanadian export route to Chicago while still awaiting approval fromthe National Energy Board. Alliance president Dennis Cornelsonreported the international consortium of pipelines and producershas spent about C$200 million (US$145 million) to date. But to keepthe project moving quickly enough to fulfill its schedule, thegroup “will have to double that by the time regulatory approvalsare obtained.”