The current spread between U.S. and European/Asian natural gas prices supports export of liquefied domestic gas from the Lower 48, but it’s likely too uncertain to support the long-term, billion-dollar commitment needed to bring large-scale liquefaction to the U.S. Gulf Coast, according to an analysis by Pan EurAsian Enterprises Inc. released Monday.
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Pennsylvania Democrat Proposes New Marcellus Tax
Proposals to tax production of the Marcellus Shale continue to pile up in Pennsylvania.
U.S. Gas Price Forecasts Continue Decline
Energy analysts last week continued to pile on the bearish forecasts, and two more sliced their forecasts for 2010 natural gas prices on two recurring themes: an acceleration in gas-directed drilling activity year-to-date, and the anticipated revisions expected to be made beginning this month in Energy Information Administration (EIA) production data.
Big Chill on CA Offshore LNG Proposals from BHP Rebuff
Doubts pile up in the wake of the California State Lands Commission rejection of BHP Billiton’s proposed offshore liquefied natural gas (LNG) receiving terminal as being too problematic from both safety and environmental standpoints. Proponents of three other offshore LNG projects along the Southern California coast are worried, but each is a different type of proposal. BHP officials said Tuesday they are assessing their options, one of which is to challenge the state agency’s ruling in court.
Mackenzie Project Targeted by Green Groups
While oral testimony is finished, the barrage of protests against Canada’s northern natural gas pipeline project continues to pile up in written form on desks at the National Energy Board (NEB).
Mackenzie Project Mired in Polar Bears and Aboriginal Rights
While oral testimony is finished, the barrage of protests against Canada’s northern natural gas pipeline project continues to pile up in written form on desks at the National Energy Board (NEB).
Another Power Plant Proposal Bites the CA Dust
Joining the growing pile of abandoned plans for new power plants in California, the City of Roseville, about 30 miles east of Sacramento, last week terminated its agreement with part of Enron Corp. to develop a 750-900 MW power plant in Placer County. The action has officials in the counties in and around the state capital worried about new sources of power for the future.
Enron Inks A Mega-Management Deal with Owens Corning
Continuing its pile-up of large energy management deals, Enron Energy Services (EES) announced a 10-year, $1 billion energy outsourcing agreement with Owens Corning last week. Enron’s services will cover 20 of the glass and composite material manufacturer’s major facilities located throughout the United States. Management services began when the contract was announced.
Enron Inks Another Mega-Management Deal
Continuing its pile-up of large energy management deals, EnronEnergy Services (EES) announced a 10-year, $1 billion energyoutsourcing agreement with Owens Corning yesterday. Enron’sservices will cover 20 of the glass and composite materialmanufacturer’s major facilities located throughout the UnitedStates. Management services began when the contract was announced.