Negotiations

Bayer AG continues to discuss the lease or sale of acreage it owns in West Virginia for potential locations for ethane crackers, but at least one company has dropped out of those talks. “An affiliate of ours had been looking at a project in that area for an ethylene facility, but they are no longer doing that,” a spokesman for Houston-based PetroLogistics told NGI’s Shale Daily. In December, Bayer said a trio of sites it owns in industrial parks in New Martinsville, Institute and South Charleston, WV, totaling about 1,480 acres were available and would be ideal locations for thermal crackers (see Shale Daily, Dec. 23, 2010). Bayer wouldn’t discuss “speculation or market rumors” about possible deals, but has been in “serious discussions with several interested companies” that are looking at the West Virginia properties, Bayer spokesman Bryan Iams told NGI’s Shale Daily.

Export Development Canada (EDC), the country’s export credit agency, is predicting that New Brunswick’s growth in energy exports will slow in 2011 and 2012, in part due to depressed natural gas prices.

Export Development Canada (EDC), the country’s export credit agency, said Friday that New Brunswick’s growth in energy exports will slow in 2011 and 2012, in part due to depressed natural gas prices.

Public support for a state-imposed tax on natural gas drilling in Pennsylvania’s Marcellus Shale region remains solid, according to the results of a survey of 800 registered voters conducted between Dec. 27 and Jan. 2.

Canada’s Arctic pipeline project is braced for natural gas prices to stagnate in a tepid trading range of US$4.85-6.25/MMBtu for the next 20 years, according to new evidence before the National Energy Board (NEB).

Canada’s Arctic pipeline project is braced for natural gas prices to stagnate in a tepid trading range of US$4.85-6.25/MMBtu for the next 20 years, according to new evidence before the National Energy Board (NEB).

Canada’s Arctic pipeline project is braced for natural gas prices to stagnate in a tepid trading range of US$4.85-6.25/MMBtu for the next 20 years, according to new evidence before the National Energy Board (NEB).

Oregon LNG, one of three proposed liquefied natural gas (LNG) receiving terminals in Oregon, received some positive signals last Tuesday in its negotiations with the Port of Astoria Commission over renewal of a long-term lease for its proposed 96-acre site. A federal magistrate ruled in favor of the project developer on the lease extension and Oregon Gov. Ted Kulongoski’s office said it would not investigate the lease issue as some anti-LNG groups were urging.

Oregon LNG, one of three proposed liquefied natural gas (LNG) receiving terminals in Oregon, received some positive signals last Tuesday in its negotiations with the Port of Astoria Commission over renewal of a long-term lease for its proposed 96-acre site. A federal magistrate ruled in favor of the project developer on the lease extension and Oregon Gov. Ted Kulongoski’s office said it would not investigate the lease issue as some anti-LNG groups were urging.