Importers

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.

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.

Only a little more than a quarter through 2007, importers of liquefied natural gas (LNG) are poised to break the industry’s two-year slump of declining volumes arriving at U.S. terminals as LNG imports and regasified LNG sendout volumes are spiking.

Only a little more than a quarter through 2007, importers of liquefied natural gas (LNG) are poised to break the industry’s two-year slump of declining volumes arriving at U.S. terminals as LNG imports and regasified LNG sendout volumes are spiking.

Liquefied natural gas (LNG) importers may get a little federal assistance next month when the Department of Energy (DOE), Homeland Security, FERC and the Department of Transportation begin a series of forums aimed at educating the public on LNG issues. The first in a series public education forums on LNG has been scheduled for March 10 at the John B. Hynes Veterans Memorial Convention Center in Boston.

With 9.8 Bcf/d of additional U.S. Gulf Coast LNG import capacity permitted by regulators and another 17.7 Bcf/d of LNG peak sendout capacity planned, domestic producers and LNG importers have good reason to be concerned about a possible supply glut. But there are so many factors involved that it’s too early to predict an outcome, said Merrill Lynch analyst Sam Brothwell in a research note on Friday.

With 9.8 Bcf/d of additional U.S. Gulf Coast LNG import capacity permitted by regulators and another 17.7 Bcf/d of LNG peak sendout capacity planned, domestic producers and LNG importers have good reason to be concerned about a possible supply glut. But there are so many factors involved that it’s too early to predict an outcome, said Merrill Lynch analyst Sam Brothwell in a research note on Friday.