Player

In a sign that at least one industry player believes an Alaskan natural gas line may not become reality for some time, Burlington Resources Inc. has abandoned 32 Alaskan North Slope Foothills leases it obtained in 2001. Burlington apparently no longer considers the North Slope to be a core area, and the company did not want to pay the annual rent to retain the leases, according to a spokesman for the Alaska Division of Oil and Gas.

In a sign that at least one industry player believes an Alaskan natural gas line may not become reality for some time, Burlington Resources Inc. has abandoned 32 Alaskan North Slope Foothills leases it obtained in 2001. Burlington apparently no longer considers the North Slope to be a core area, and the company did not want to pay the annual rent to retain the leases, according to a spokesman for the Alaska Division of Oil and Gas.

Anadarko Petroleum Corp. muscled its way into the liquefied natural gas (LNG) market Thursday with the purchase of Access Northeast Energy Inc. (ANEI), a private Canadian company whose sole project is a proposed LNG receiving terminal on the coast of Nova Scotia.

Anadarko Petroleum Corp. muscled its way into the liquefied natural gas (LNG) market Thursday with the purchase of Access Northeast Energy Inc. (ANEI), a private Canadian company whose sole project is a proposed LNG receiving terminal on the coast of Nova Scotia. Just days ago, ANEI secured the critically needed environmental approval for a planned 1 Bcf/d facility, and all of the remaining approvals are expected by year’s end.

As part of a broad North American search for ways to make western wholesale natural gas markets more competitive, Humboldt Bay in the northern end of California’s 1,000-mile coastline is the unlikely site of a proposed combination electric generating plant and liquefied natural gas (LNG) receiving terminal envisioned by San Jose, CA-based Calpine Corp., a major national developer of gas-fired power plants.

As part of a broad North American search for ways to make western wholesale natural gas markets more competitive, Humboldt Bay in the northern end of California’s 1,000-mile coastline is the unlikely site of a proposed combination electric generating plant and liquefied natural gas (LNG) receiving terminal envisioned by San Jose, CA-based Calpine Corp., a major national developer of gas-fired power plants.

Cheniere Energy Inc. wants investors to know that it intends to be a major player in the liquefied natural gas (LNG) business. The next best thing to changing its name to LNG is changing its stock ticker symbol. Effective next Monday (March 24), its symbol on the American Stock Exchange will change to LNG from CXY. The company has four potential sites for liquefied natural gas (LNG) import terminals along the Texas Gulf Coast and sees LNG as its strategic focus in the future because of declining domestic natural gas supply. “We have established a strong exploration and production foundation for Cheniere with growing natural gas reserves, cash flow and inventory of prospects that together become more valuable daily as our nation’s natural gas markets hover on almost historically low inventories. However, domestic exploration is no longer sufficient to assure meeting the growth in demand for natural gas, and our country will increasingly rely on imports in the form of LNG,” said Cheniere Energy Chairman Charif Souki said. “This symbol will reflect our new area of focus.” Houston-based Cheniere conducts exploration in the Gulf using a regional database of 7,000 square miles of 3D seismic coverage. It owns 9% of Gryphon Exploration.

Cheniere Energy Inc. wants investors to know that it intends to be a major player in the liquefied natural gas (LNG) business. The next best thing to changing its name to LNG is changing its stock ticker symbol. Effective next Monday (March 24), its symbol on the American Stock Exchange will change to LNG from CXY.

Assets may be sold, the domestic and global power plant expansions may be curtailed, but one thing is certain: Mirant has no intention of exiting the risk marketing and trading arena.