Aging infrastructure, growing demand for gas and other commodities and liquefied natural gas (LNG) terminal development all mean that changes are under way in the midstream energy sector, according to Standard & Poor’s Ratings Services.
Terminal
Articles from Terminal
Private LNG Play Gets Financing for OR, CA Projects
A dark horse in the race for siting a liquefied natural gas (LNG) terminal along the U.S. West Coast, NorthernStar Natural Gas, Inc., a U.S.-owned and managed privately held company created specifically to site LNG facilities, announced Monday it has completed a $100 million private offering of convertible notes to qualified institutional buyers.
BHP Billiton Sets Emission Reduction Program
BHP Billiton LNG International announced a program to reduce air emissions from its proposed offshore liquefied natural gas (LNG) receiving terminal, which has taken the lead in the race to build an LNG project on the U.S. West Coast. The Australian company made its announcement as the California State Lands Commission concluded a series of four public hearings on a revised draft environmental impact report (EIR) last Wednesday in Oxnard, CA.
LNG Project Endorsed by Oxnard, CA Chamber of Commerce
BHP Billiton said Tuesday its proposed Cabrillo Port offshore liquefied natural gas (LNG) import terminal received the endorsement of the Oxnard, CA, Chamber of Commerce’s board of directors last week. The LNG port, which would be located 14 miles offshore Ventura County is still awaiting final determination’s from the U.S. Coast Guard and Maritime Administration.
NGI The Weekly Gas Market Report
Southern Natural Holds Open Season for Pipeline Service From Elba Island LNG
Southern Natural Gas Co. is holding a binding open season through Thursday (Jan. 12) to solicit bids from the Elba Island liquefied natural gas (LNG) terminal near Savannah, GA to delivery points in all zones of its system. In addition, bidders may request to match a shipper with firm seasonal summer capacity up to 45,000 Dth/d of firm seasonal winter capacity for a multi-year, seven-month winter period (Oct.-April) on its proposed Cypress pipeline for deliveries into South Georgia, Brunswick, GA or Jacksonville, FL markets.
Southern Natural Begins Open Season for Pipeline Service From Elba Island LNG
Southern Natural Gas Co. is holding a binding open season through Jan. 12 to solicit bids from the Elba Island liquefied natural gas (LNG) terminal near Savannah, GA to delivery points in all zones of its system. In addition, bidders may request to match a shipper with firm seasonal summer capacity up to 45,000 Dth/d of firm seasonal winter capacity for a multi-year, seven-month winter period (Oct.-April) on its proposed Cypress pipeline for deliveries into South Georgia, Brunswick, GA or Jacksonville, FL markets.
Transportation Notes
Trunkline LNG said the Calcasieu Ship Channel and Industrial Canal were cleared for vessel transit to its LNG receiving terminal at Lake Charles, LA effective Monday. Users of the ship channel can obtain current information from the Lake Charles Pilots at (337) 436-0372, Trunkline LNG said.
FERC Official Says New LNG Terminals Unlikely in West, Northeast Unless Perceptions Change
Adequate natural gas storage is key to ensure competitive markets in the future, and new liquefied natural gas (LNG) terminal development “could make a big difference,” a FERC official said Wednesday. However, William Hederman, director of the Office of Market Oversight and Investigations, predicted that new LNG terminals “won’t be built in the big places” like California and the Northeast unless public perceptions change.
FERC Official Says New LNG Storage Unlikely in West, Northeast Unless Perceptions Change
Adequate natural gas storage is key to ensure competitive markets in the future, and new liquefied natural gas (LNG) terminal development “could make a big difference,” a FERC official said Wednesday. However, William Hederman, director of the Office of Market Oversight and Investigations, predicted that new LNG terminals “won’t be built in the big places” like California and the Northeast unless public perceptions change.
New York Regulations Hinder LNG Transport, Terminal Development
In order to serve continuing gas demand growth in the already constrained New York City area, the state and city must reconsider current regulatory obstacles to the expanded use of liquefied natural gas (LNG), according to a new report by the Center for Management Analysis (CMA) at the C.W. Post Campus of Long Island University in Brookville, NY.