Posted 2012 May 8

US LNG Imports
Have Dropped to a 10-Year Low

LNG imports have fallen so much, they are lower now — with 12 import terminals — than when the LNG import goldrush began with just four US import terminals (Everett LNG, Everett, MA; Cove Point LNG, Lusby, MD;Elba Island LNG, Savannah, GA; and Trunkline LNG, Lake Charles, LA).

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Downeast LNG is Sole Remaining
LNG Import Terminal Project
in North America

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Liberty Natural Gas has withdrawn its permits to construct an LNG import terminal offshore from New Jersey and New York. That leaves Downeast LNG as the last remaining LNG import project in federal permitting in the entire continent.

Natural Gas Price
Lowest in 10 Years

On April 12 the price of natural gas dropped to $1.984. One year ago the price was $4.85.

The proposed Downeast LNG import terminal would not lower the price of natural gas.

Posted 2012 Apr 4

HOT NEWS!!!

FERC Has Dismissed Calais LNG
From Federal Permitting

>>> Calais LNG is Dead <<<

Due to Calais LNG's inability to secure financing and a project site since it lost both, resulting in the project withdrawing from Maine permitting on 2010 Dec 14, FERC has dismissed all permits without prejudice (FERC would not prevent Calais LNG from reapplying as an entirely new project).

Posted 2012 Apr 3

Marcellus Natgas Crowding Out Canadian & Southwestern Suppliers
to US Northeast

The Marcellus Shale is so prolific it is crowding out natural gas supplies from Canada and the US Southwest. It is destined to reverse Canadian imports to the US Northeast into US Northeast exports to Canada.

Posted 2012 Mar 31

U.S. Natural Gas Net Imports
at Lowest Levels Since 1992

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LNG Imports Down 44%
From Same Period in 2011

Posted 2012 Mar 29

More LNG Import Projects Drop Out

Oregon LNG withdrew its FERC permits Mar 29.

Corpus Christi LNG has changed
from import to export.

Posted 2012 Mar 6

2 Years 8 months and counting...

Downeast LNG still has not
answered all of FERC's questions

Posted 2012 Feb 6

2 Years 7 months and counting...

Downeast LNG is
another month late answering FERC

Downeast LNG now has the distinction of being 2 Years & 7 Months Late in answering FERC's technical questions arising from the Draft Environmental Impact Statement (DEIS).

Answers were due on 2009 July 6.

Posted 2012 Jan 8

FERC removes Calypso LNG
from map of Proposed/Potential Terminals

FERC's 2011 Dec 19 update to its map of Proposed/Potential LNG terminals has eliminated the Calypso LNG project that had been proposed for offshore east coast Florida.

Calypso LNG withdrew its MARAD (US Department of Transportation Maritime Administration) application on 2009 Feb 25; however, FERC continued to list the project until 2011 Dec 19.

MARAD is the permitting agency for terminals more than 3 miles offshore. FERC is the permitting agency for shore-based and in-shore LNG terminals.

Posted 2012 Jan 8

Crown Landing LNG Project Bites the Dust

Abundance of Domestic Natural Gas,
Probable Lack of Profitability Cited

On 2012 Jan 6, the Crown Landing president Gordon Shearer filed a letter to the FERC Crown Landing docket withdrawing the project, citing probable lack profitability due to the abundance of domestic natural gas. The project was located in New Jersey on the shore of the Delaware River.

Crown Landing already had FERC certification to construct and operate.

Reality is screaming directly into Downeast LNG's, Kestrel Energy Partners', and York Town Partners' ears.