Germany wants to secure the delivery of future LNG supply contracts for its floating storage and regasification units (FSRUs) with a contractual delivery obligation to guarantee security of supply for at least 50% of the capacity offered in a series of auctions starting next month. Many liquified natural gas supply contracts do not have a…
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NOAA: Hurricane Season Could Still Heat Up
While the quiet start to the 2009 Atlantic hurricane season, which has so far produced no tropical cyclones, does not guarantee the next four months will remain calm, the number of tropical storms likely to form this year is lower than originally predicted, scientists at the National Oceanic and Atmospheric Administration (NOAA) said Thursday.
NOAA: Hurricane Season Could Still Heat Up
While the quiet start to the 2009 Atlantic hurricane season, which has so far produced no tropical cyclones, does not guarantee the next four months will remain calm, the number of tropical storms likely to form this year is lower than originally predicted, scientists at the National Oceanic and Atmospheric Administration (NOAA) said Thursday.
Additional Natural Gas Part of California Budget Deal
There is the potential for new natural gas supplies as part of the deal being worked out to resolve California’s $26 billion budget deficit (see Daily GPI, July 23), a Houston-based spokesperson for Plains Exploration and Production Co. (PXP) told NGI Thursday. PXP is in line to be the developer of the first new offshore drilling along the California coast in 40 years.
House Vote on Rescue Plan Will be Cliffhanger
Passage of the revised $700 billion rescue plan for financial markets in the House remains the big unknown. House Majority Leader Steny Hoy (D-MD) said he will not call up the package Friday unless he is assured of passage, CQ Today reported.
EX-IM Bank Approves Loan Guarantee for Qatargas 3
The Export-Import Bank of the United States (Ex-Im Bank) said Thursday that it has approved a loan guarantee of up to $403.5 million to support the export of U.S. equipment and services to Qatar Liquefied Gas Co. 3 Ltd. (Qatargas 3) for supply development, transportation infrastructure and construction of a natural gas liquefaction plant and related facilities in Qatar.
Ex-Im Bank Approves $930M Loan Guarantees for U.S. Exports to Build Qatar LNG Project
The Export-Import Bank of the United States Thursday approved a loan guarantee of up to $930 million to support the export of U.S. goods and services to Qatar Liquefied Gas Co. Ltd. II to build an LNG project and related offshore and onshore facilities in Qatar.
Ex-Im Bank Approves $930M Loan Guarantees for U.S. Exports to Build Qatar LNG Project
The Export-Import Bank of the United States Thursday approved a loan guarantee of up to $930 million to support the export of U.S. goods and services to Qatar Liquefied Gas Co. Ltd. II to build an LNG project and related offshore and onshore facilities in Qatar.
Maine Natural Inks Gas Pact with the Government
Maine Natural Gas (MNG) has signed a multi-year contract thatwill guarantee gas service to the Mid-Coast region of Maine. MNG, ajoint venture formed by CMP Group and Energy East, signed anagreement with the Federal Government to provide natural gastransportation to the Brunswick Naval Air Station located inBrunswick.
Mexico Wants 10 Power Projects This Year
Mexican officials are working to add 10 new power generationprojects this year alone to guarantee the country has an adequatesupply of electric power through 2006. Energy Minister ErnestoMartens said that based on current capacity and ongoing projects,the country only has sufficient power to meet its growth demandthrough 2004.