What’s already a common provision in globally based liquefied natural gas (LNG) contracts — flexible destination rights — within 10 years will be included in all LNG deals, meaning shippers can at the last minute take cargoes to other ports offering higher prices at the time. Most of the contracts for the gas slated to go through Sempra Energy’s new North Baja California terminal that opens early next year in Mexico already had these so-called “economic dispatch” provisions.
Globally
Articles from Globally
Gas Was the Star of 2006 M&A, Report Finds
For the first time in five years, natural gas accounted for more than half of transacted reserves globally in 2006, a new report on global upstream mergers and acquisitions (M&A) has found.
March 19, 2007
Gas Was the Star of 2006 M&A, Report Finds
For the first time in five years, natural gas accounted for more than half of transacted reserves globally in 2006, a new report on global upstream mergers and acquisitions (M&A) has found.
March 16, 2007
High Energy Prices, Tech Attract Venture Capital, but Power Regs Still Uncertain
Today’s historically high natural gas and oil prices globally are a major attraction, but uncertainty in the electricity regulation sector has a dampening effect as venture capital funds increasingly eye the energy space — particularly so-called clean energy — as good places to invest. The fact that energy touches such a wide variety of industries worldwide is a major attraction, according to one venture capitalist who is helping a new California green energy investment fund get started as an offshoot of Pacific Gas and Electric Co.’s bankruptcy settlement implemented a year ago.
March 28, 2005
BP Focuses on Organic Growth, Sees Higher Gas Sales
London-based BP plc’s oil and gas output is expected to grow at least 5% globally through 2008, and the company expects to grow its natural gas sales volumes 3-5% a year, Sir John Browne, CEO, said last week. Browne also noted that because of the expected strong organic growth in the next four years, excess cash will be given to shareholders.
April 5, 2004
BP Focuses on Organic Growth, Sees Higher Gas Sales
London-based BP plc’s oil and gas output is expected to grow at least 5% globally through 2008, and the company expects to grow its natural gas sales volumes 3-5% a year, the CEO said Monday. Sir John Browne added that because of the expected strong organic growth in the next four years, excess cash will be given to shareholders.
March 30, 2004
Enron’s Loss Inestimable to Houston; Former Rivals See Opportunities
Globally, Enron Corp.’s bankruptcy has left many businesses and their customers in the lurch. On a smaller level, though, Enron’s loss to the City of Houston is only beginning to be realized, as ex-employees sit through discussions of filing for unemployment, line up headhunters and cruise the Internet — an ironic turn since their former employer had catapulted to prominence as the leading online trader. Meanwhile, the city’s leaders are contemplating what Enron’s bankruptcy will mean, with 3% of the downtown workforce gone and millions in lost donations to philanthropic causes.
December 10, 2001
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