imports

Liquefied natural gas (LNG) imports will drive U.S. gas prices lower, but expensive domestic supplies still will keep the price floor higher than historical levels, Malcolm Brinded, managing director of Royal Dutch-Shell, said Wednesday at a two-day LNG Ministerial Summit in Washington, DC.

With declines in quarterly earnings but stronger results in trading and international businesses, San Diego-based Sempra Energy officials said Thursday they consider their company “ahead of the competition” to be the next major developer/operator of liquefied natural gas (LNG) terminals in North America — one on the Pacific Coast of North Baja California in Mexico and the other in the Gulf of Mexico offshore Louisiana.

In another push for added liquefied natural gas (LNG) imports into North America, a ChevronTexaco (CVX) affiliate on Monday signed a memorandum of understanding (MOU) with Gorgon Joint Venture in Australia for up to two million tons annually of LNG supplies to West Coast markets. Based on the terms of the MOU, the affiliate will enter confidential negotiations with Gorgon Joint Venture, in which CVX will hold the majority interest and act as the operator.

Turning attention away from the subject of increased domestic natural gas production and increased imports for a change, Secretary of Energy Spencer Abraham last week launched the Department of Energy’s (DOE) public awareness campaign to educate businesses, homeowners and consumers on ways they can cut energy bills by practicing smart energy use.

Turning attention away from the subject of increased domestic natural gas production and increased imports for a change, Secretary of Energy Spencer Abraham on Wednesday launched the Department of Energy’s (DOE) public awareness campaign to educate businesses, homeowners and consumers on ways they can cut energy bills by practicing smart energy use.

When prices hit $10 last winter, that brought numerous plans out of the woodwork for new liquefied natural gas receiving terminals. Those proposed terminals in the Bahamas, Louisiana and in Texas along with the recommissioning and expansion of existing terminals along the East Coast will have a significant impact on basis and gas prices going forward, Ben Schlesinger, president of Schlesinger and Associates, said at GasMart/Power in Reno.

FERC has given Williams the green light to reactivate and expand liquefied natural gas (LNG) import services at its Cove Point LNG terminal in Lusby, MD, saying it would provide “substantial benefits” in light of the growing role of LNG in the domestic market and the rising demand for gas on the East Coast.

FERC has given Williams the green light to reactivate and expand liquefied natural gas (LNG) import services at its Cove Point LNG terminal in Lusby, MD, saying it would provide “substantial benefits” in light of the growing role of LNG in the domestic market and the rising demand for gas on the East Coast.

Liquefied natural gas (LNG) imports will be a reality on the U.S. West Coast within five years with North Baja in Mexico as its base, and San Diego-based Sempra Energy intends to be a “significant player” in the developing business, according to Sempra’s CEO Steve Baum, speaking Thursday during the company’s second quarter earnings conference call.