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Bad News For Bradwood and LNG on the Columbia

by Tryan Hartill

There has been much talk about, FERC Meetings, Rallies and NMFS. But behind the scenes is quite a collection of bad news for local LNG projects.

  • Alaskan Export Looks Grim

One of the major players in the LNG market has backed out of a project in Alaska to export LNG. The main reason given was the difficulty of shipping LNG to Asia from Alaska. The LNG would have to go to Asia because “shipping Alaska LNG only makes financial sense if it is exported to Asia, where it is more valuable.”

  • LNG Imports Down..Way Down

According to the LNGlawblog January imports were the lowest in 5 years. January is not a strong month, but this total would be the 3rd lowest monthly total in 68 months. Higher gas prices worldwide, combined with low U.S. prices have caused U.S. import facilities to run at well under 50% capacity.

  • LNG In Mexico

A host of projects will be coming online to feed California. The most recent is a 1 bcf per day facility in Baja.

  • More US Terminals

The number of U.S. import terminals will increase from 5 to 10 by 2009.

  • Rocky Mountain Gas

2 Pipelines have been proposed to bring natural gas from the Rocky Mountains to Oregon.

Note:

  • There will be a No LNG rally at the State Capitol today from 11am to 2pm.
  • A Joint Meeting is scheduled at the Astoria Holiday Inn Express on Feb 13th. Staff from NMFS, DEQ and DLCD will be present.
Feb 6, 02:01 am | Tryan Hartill
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3 comments on this article (post your own)

1 On Feb 6, 12:39 pm, CPM wrote:

So what does this mean for OR LNG terminals? How far are they from implementing them? How much time to do we have to fight these and do you foresee them becoming a reality?

2 On Feb 6, 12:58 pm, THartill wrote:

Whoops sorry CPM….I guess someone who was not to involved with this wouldn’t know what I was talking about.

The Alaska LNG is big because that was one of the places that Oregon LNG companies cited for a place to supply their terminals.

The import numbers in January is big because it shows that there is too many import terminals for the amount of LNG coming in.

The Baja and pipelines are a big deal because much of the reason for the terminals is to feed California…if their needs are met there is no reason to build more terminals in the near future.

To sum it up, I’ve always thought that we really have no say in this and that it would be up to the market to dictate whether they get built. In 2005 when all this LNG stuff started the market looked really good for LNG imports….high well-head prices, huge LNG import numbers, a low supply of natural gas from the Rocky Mountains West and the Alaska Export facilty looked to be a reality….

This is not the situation today.

3 On May 28, 09:42 am, tubny wrote:

lng is reallllly gay

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