LNG

Energy News Roundup: Law and Finance; Summer Gasoline Deadline; Alaska LNG

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The Intersection of Energy Law and Project Finance

It’s critically important to understand the regulations associated with financing multi-billion dollar energy projects so as to avoid delays and cost increases that can imperil event the best laid plans. Whether it be an oil & gas project or a major renewable energy initiative, getting the financing right means having the legal pieces in order, and a major law firm with a large energy practice highlights some examples of this in their spring newsletter. Keep reading →

 /  Published May 1, 2013 at 11:00 AM

National Grid Mulls LNG, but Not for Export

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Electricity and gas provider National Grid is mulling construction of liquefaction facilities in New England to help meet supply requirements on peak demand days.

National Grid sources the bulk of its natural gas supplies for its New England-based customers from the two major pipelines serving the area – Tennessee and Algonquin. “Both of those pipelines are at or near capacity,” said Director of Gas Contracting and Compliance John Allocca at the Advanced Energy Conference in New York on Tuesday. Keep reading →

 /  Published April 30, 2013 at 1:48 PM

Leviathan on Hold Pending Israeli Export Policy

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Appraisal drilling at the massive Leviathan gas field offshore Israel has led to an increase in its estimated resources, but development remains on hold until the country’s government grants approval for liquefied natural gas (LNG) exports.

The Noble Energy-led consortium developing Leviathan has boosted estimated gross mean resource by a trillion cubic feet (tcf). “We finished an appraisal well in the first quarter at Leviathan, which increased our gross mean resource estimate at the field to 18 tcf,” said Noble Energy Chief Executive Chuck Davidson during the company’s first-quarter earnings call on Thursday. Keep reading →

 /  Published April 26, 2013 at 8:30 AM

Pressure Mounts on US to Export Natural Gas

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As the U.S. produces more of its own energy, pressure is mounting on the federal government to move quickly to export its natural gas bounty-a move that has encountered stiff resistance from some energy market players.

Natural gas, an abundant fuel source that is cheaper and cleaner than standard gasoline, is increasingly seen as a successor to diesel and regular gas, particularly as the world’s largest economy produces more of it. Keep reading →

 /  Published April 25, 2013 at 2:00 PM

Natural Gas in Transport: Tomorrow’s Fuel Today

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Last week I had the opportunity to attend and participate in LNG17, the largest global gas event of 2013. Liquefied natural gas (LNG) is a rapidly growing part of the larger natural gas industry and is especially relevant today because of the increasing global demand for transportation fuels. At the conference, it was clear to me that LNG is a priority for not only Shell, but also the entire industry because of its potential to provide real economic and environmental benefits to the transportation industry in trucks, trains and ships.

For around 50 years, LNG has been used as a source of energy for power generation in cities but new technology and increasing demand has inspired Shell to invest in LNG for transport. Resources around the world, especially in North America, are abundant but supply is growing far faster than demand. It is the industry’s responsibility to build the infrastructure and develop innovative technology to utilize this energy source to its fullest potential. Keep reading →

 /  Published April 23, 2013 at 11:00 AM

Shell Upbeat on Global LNG, Transport Applications

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Shell has bet heavily on LNG over the past two decades and now has one of the world’s largest LNG portfolios with assets in every segment of the value chain from gas production and liquefaction to retail sales. The company is confident its investments will pay off as natural gas applications continue to move beyond the power generation and industrial sectors into land-based and maritime transportation. Keep reading →

 /  Published April 19, 2013 at 11:00 AM

Asian LNG Demand Gives Quicksilver a Leg Up on Gas Deals

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Low natural gas prices in North America have prompted many oil and gas companies to jettison their dry gas assets, Fort Worth-based Quicksilver is capitalizing on Asian buyers’ efforts to secure lower-cost LNG feedstock to attract joint venture partners for its acreage in areas like the Horn River and Barnett shales.

Quicksilver is in negotiations for a joint venture partner in its Horn River Basin acreage in Canada. The company appears to be favoring an Asian buyer with an eye to exporting natural gas across the Pacific. Keep reading →

 /  Published April 16, 2013 at 11:00 AM

Major Asia Pacific LNG Deal in the Works

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Papua New Guinea is set to join the global LNG game in 2014 when the ExxonMobil-led PNG LNG project is scheduled to ship its first deliveries, but a major announcement today by InterOil suggests an additional LNG export project could come on stream in the Asian Pacific island nation not long after.

InterOil has been active in PNG since the late 1990’s and operates the country’s only refinery which supplies about 65% of domestic refined product demand. Profits from InterOil’s downstream operations are often used to offset the costs of the company’s LNG export project, a major long-term strategic objective for the independent firm. Keep reading →

 /  Published April 15, 2013 at 12:00 PM

US LNG No Cure for High European Gas Prices

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Hopes that the advent of liquefied natural gas (LNG) exports from the United States to Europe could help bring down European prices may prove misguided, according to VTB Capital’s head of energy research, Colin Smith.

“Is US LNG going to cut gas prices in Europe? Probably not by very much, if at all,” Smith said at the VTB Capital New York Investment Forum on April 10. Keep reading →

 /  Published April 11, 2013 at 8:30 AM

Experts Call on DOE to Speed up LNG Export Approvals

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The US House Oversight and Government Reform Committee held a hearing on the approval process for exporting LNG to non-free trade agreement countries on Tuesday. One approval has thus far been granted to export LNG to non-free trade agreement nations and several are currently pending. Proponents of LNG exports are anxious to get projects running before the global LNG market tightens as major LNG export projects come on stream in other parts of the world, particularly Australia.

Here are a few highlight from the hearing courtesy of the Center for Liquefied Natural Gas: Keep reading →

 /  Published March 21, 2013 at 8:30 AM
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