LEAD STORY
Leading members of the Society of Petroleum Engineers believe the US government’s estimates of natural gas usage are far too conservative.
This paper was prepared for presentation at the 2006 Society of Petroleum Engineers Annual Technical Conference held in San Antonio, Texas, U.S.A., from September 24–27, 2006.
Natural gas prices in the US and elsewhere are expected to be kept at reasonable levels for decades to come, thanks to the development of alternative supplies such as liquefied natural gas.
However, regulatory policies, concerned environmental groups, and industrial inaction are expected to create choke points in the supply chain.
This paper was prepared for presentation at the 2006 Society of Petroleum Engineers Annual Technical Conference held in San Antonio, Texas, U.S.A., from September 24–27, 2006.
Natural gas prices in the US and elsewhere are expected to be kept at reasonable levels for decades to come, thanks to the development of alternative supplies such as liquefied natural gas.
However, regulatory policies, concerned environmental groups, and industrial inaction are expected to create choke points in the supply chain.
Published in
Oct 2006
Wednesday, 29 November 2006 17:22
Sakhalin LNG chief praises project amid Russian criticism
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The latest controversy raises the question when will Gazprom receive a stake in Sakhalin II and how much will it pay?
Russia’s new opposition to the Sakhalin II liquefied natural gas project on environmental grounds has dimmed the view of foreign investors and coincided with some irony with the first large oil and gas conference to be held on the Russian Far East island.
Russia turned up the pressure on major foreign-led energy projects valued at around $60 billion by ordering a full environmental investigation of Royal Dutch Shell's Sakhalin II venture.
Russia’s new opposition to the Sakhalin II liquefied natural gas project on environmental grounds has dimmed the view of foreign investors and coincided with some irony with the first large oil and gas conference to be held on the Russian Far East island.
Russia turned up the pressure on major foreign-led energy projects valued at around $60 billion by ordering a full environmental investigation of Royal Dutch Shell's Sakhalin II venture.
Published in
Oct 2006
Also in this issue
Natural gas prices and pipeline issues complicate the game beyond frontier
Catherine Elder, Sacramento, California
North American LNG has produced more speculation in recent weeks than ever about which import terminals will be built and when.
There is also more concern about whether there is enough LNG in the world to satisfy US demand and about safety issues.
Catherine Elder, Sacramento, California
North American LNG has produced more speculation in recent weeks than ever about which import terminals will be built and when.
There is also more concern about whether there is enough LNG in the world to satisfy US demand and about safety issues.
Published in
Oct 2006
Wednesday, 29 November 2006 17:17
Terrorism threat raises bar in permit process in US and elsewhere
Written by
One of the great public misconceptions is that LNG carriers and facilities are favored terrorist targets
An offshore liquefied natural gas terminal proposed for Long Island Sound between New York and Connecticut poses safety and security risks that would require more firefighters, escort boats and other measures to prevent accidents or terrorist attacks, according to the US Coast Guard.
In addition to the local opposition to East Coast LNG terminals from citizens, security requirements are also now raising potential obstacles to projects even moving beyond the planning stage.
An offshore liquefied natural gas terminal proposed for Long Island Sound between New York and Connecticut poses safety and security risks that would require more firefighters, escort boats and other measures to prevent accidents or terrorist attacks, according to the US Coast Guard.
In addition to the local opposition to East Coast LNG terminals from citizens, security requirements are also now raising potential obstacles to projects even moving beyond the planning stage.
Published in
Oct 2006
John McKay reports on the project that will bring imported LNG into Texas for the first time when it is completed in less than a year
Freeport LNG in Texas is winning the race to be the first onshore import terminal to open in the United States in 25 years as its project nears completion.
Imports to the US began with the construction of a terminal in Everett, Massachusetts, in 1971. The last mainland terminal to be constructed was Trunkline LNG’s Lake Charles facility in Louisiana, which was completed in 1982.
Freeport LNG in Texas is winning the race to be the first onshore import terminal to open in the United States in 25 years as its project nears completion.
Imports to the US began with the construction of a terminal in Everett, Massachusetts, in 1971. The last mainland terminal to be constructed was Trunkline LNG’s Lake Charles facility in Louisiana, which was completed in 1982.
Published in
Oct 2006
A round-up of latest events, company and industry news
Published in
Oct 2006
Steven R. Miles, Washington D.C., and Jason K. Bennett, Dallas, Texas
The terms for the sale and purchase of LNG are evolving towards more complex and flexible relationships between suppliers and purchasers which will allow an increasingly global market in the future.
The ever more intricate and dynamic commercial relationships between LNG suppliers and purchasers are typically set forth in Sale and Purchase Agreements, which serve as the foundation for most LNG trades worldwide.
Published in
Oct 2006
Josef Rötzer, Hamish Douglas, Helmut Maurer
Dywidag International GmbH, Munich
In Parts 1 and 2 of this contribution the hazard scenarios earthquake, impact and blast were described. In Part 3 a further hazard scenario, liquid spill is investigated. Part 4 will close the hazard and safety investigations with the examination of the fire scenarios, valve fire and adjacent tank fire.
Dywidag International GmbH, Munich
In Parts 1 and 2 of this contribution the hazard scenarios earthquake, impact and blast were described. In Part 3 a further hazard scenario, liquid spill is investigated. Part 4 will close the hazard and safety investigations with the examination of the fire scenarios, valve fire and adjacent tank fire.
Published in
Oct 2006
