Sept

Earlier this month, Mark Papa, the CEO of EOG Resources Inc., offered a pessimistic assessment for the decline rate in U.S. natural gas production in 2002 (see NGI, Sept. 9). He said then that production would fall between 5-6% over 2001. Tuesday, EOG lowered its expectations, predicting production will fall 7%.

The possibility that terrorists could use the Sept. 11 anniversary to attempt another attack against U.S. interests at home or abroad pushed the nation’s state of alert status to high risk for the first time since the system was enacted last spring. Attorney General John Ashcroft said the energy and transportation sectors were considered the most likely targets on Wednesday, and while most of the concern was about possible overseas attacks, private U.S.-based companies within the two sectors were also briefed.

Security concerns since Sept. 11 probably will prevent the construction of any new onshore liquefied natural gas (LNG) import terminals on U.S. soil, Clark Smith, president of El Paso Merchant Energy Global Power, told analysts at Lehman Brothers 2002 CEO Energy/Power Conference in New York City last Tuesday. Smith said rather than focusing on new terminals onshore, El Paso is turning its attention to offshore ship-based gasification facilities at which LNG cargoes can be unloaded and transferred to the U.S. gas pipeline grid.

Security concerns since Sept. 11 probably will prevent the construction of any new onshore liquefied natural gas (LNG) import terminals on U.S. soil, Clark Smith, president of El Paso Merchant Energy Global Power, told analysts at Lehman Brothers 2002 CEO Energy/Power Conference on Tuesday. Smith said rather than focusing on new terminals onshore, El Paso is turning its attention to offshore ship-based gasification facilities at which LNG cargoes can be unloaded and transferred to the U.S. gas pipeline grid.

The development of new liquefied natural gas (LNG) terminals in the United States will be challenged because of public misperceptions following the Sept. 11 terrorist attacks, said the head of LNG business development of Phillips Petroleum Co. on Thursday. Those unfounded perceptions led to a 20-day ban on LNG imports through the Boston harbor last October, and similar fears have led to local opposition to the reactivatation of the Cove Point terminal in Lusby, MD scheduled this year (see NGI, Oct. 22, 2001; Dec. 17, 2001).

The development of new liquefied natural gas (LNG) terminals in the United States will be challenged because of public misperceptions following the Sept. 11 terrorist attacks, said the head of LNG business development of Phillips Petroleum Co. on Thursday. Those unfounded perceptions led to a 20-day ban on LNG imports through the Boston harbor last October, and similar fears have led to local opposition to the reactivatation of the Cove Point terminal in Lusby, MD scheduled this year (see Daily GPI, Oct. 17, 2001; Nov. 9, 2001).

Citing the growing uncertainty surrounding future development of energy projects in the wake of Sept. 11 and the Enron debacle, California’s neophyte state power authority released the latest draft of its emerging plan to use a wave of new joint venture renewable energy projects over the next five years to build a power generation reserve margin in the 15-20% range. The new agency’s working draft identifies a number of “gaps” in the state’s electricity market that it suggests the new authority can attempt to help fill.

In the wake of Sept. 11, 2001 and the much higher profile for international terrorism, environmentalists and elected officials are taking a closer look at the resurgence of interest in operating liquefied natural gas (LNG) terminals in the United States, with new concerns about the federal government being poised to okay the re-opening of several East Coast LNG terminals.

In the wake of Sept. 11, 2001 and the much higher profile for international terrorism, environmentalists and elected officials are taking a closer look at the resurgence of interest in operating liquefied natural gas (LNG) terminals in the United States, with new concerns about the federal government being poised to okay the re-opening of several East Coast LNG terminals.