Singapore’s goal of becoming Asia’s premier liquefied natural gas (LNG) trading hub is steadily unfolding. Earlier this month, Singapore’s Second Minister for Trade and Industry S. Iswaran said that the Singapore Energy Market Authority (EMA) received nine bids in December from suppliers hoping to become LNG aggregators in the city-state. The bids came after the… Keep reading →
At the beginning of the year the proposed $6 billion Jordan Cove Energy Project looked like nothing could stand in its way. The project is slated to be built in Coos County on the southern Oregon coast by Calgary-based Veresen Inc. and is one of more than a dozen US based liquefied natural gas (LNG)… Keep reading →
The recent surprise drop in crude oil prices is having big impacts on international LNG prices and may cause a slowdown in the development of LNG export plants globally. LNG is liquefied natural gas, cooled to a temperature of -260° F, for the purpose of compression and transportation. International shipments of LNG by container ship… Keep reading →
Major steel manufacturer US Steel announced layoffs in excess of 700 employees and said deteriorating market conditions were to blame. “’This action is a result of a decline in tubular market conditions, which is impacting demand for the plant’s products,’ U.S. Steel wrote in a letter addressed to USW President Leo Gerard.” [Pittsburgh Post-Gazette] Excelerate… Keep reading →
2015 Oil Prices: U.S. to Emerge as Dominant Player Business Day: For years, Organisation of Petroleum Exporting Countries (OPEC) pulled the strings set the price of oil and controlled the supply. After dictating the course of oil prices for more than 50 years, OPEC is finding its influence diminished. Right now, OPEC represents about 40… Keep reading →
Liquefied natural gas (LNG) is often regarded as extremely dangerous and toxic with container ships called floating bombs. But is this perception accurate? The historical reality is that LNG has the best safety record of all common fuel types and is completely non-toxic. Of course natural gas vapors are flammable and present safety hazards that… Keep reading →
Developing the abundant natural gas resources discovered offshore Israel is a complicated endeavor that involves considerable geopolitical diplomacy in addition to the traditional commercial details that must be worked out when building multi-billion dollar energy projects. “Natural gas is both a geopolitical tool and a target in Israel, where a newfound bonanza of resources has… Keep reading →
Kinder Morgan is submitting a revised route for a proposed natural gas pipeline designed to bring additional supplies of natural gas into Massachusetts where gas and power prices spiked last winter due to a combination of physical supply issues and market factors. The company changed the route in response to public opposition. This is another… Keep reading →
Is It Time for the U.S. to Lift Its Restrictions on Oil Exports? Wall Street Journal (Jason Bordoff): It’s a whole new oil world for the U.S. After decades of declining domestic oil production, the country is in the middle of an unexpected boom. Driven by new technology that reaches previously inaccessible reserves, production has soared… Keep reading →
Environmentalists are Wrong about Port Ambrose LNG
By Edward DodgeThe proposed Port Ambrose deepwater LNG terminal near New York City has been denounced by environmentalists as a dirty and dangerous export terminal in disguise. The reality is that LNG is the safest and cleanest fuel available and natural gas is critical in efforts to eliminate air pollution and save lives in New York City.… Keep reading →