Transportation 2008 P

12/29/2008 -- USGS: Planned LNG line off California in quake zone
Pipelines from a proposed deepwater LNG terminal off Southern California face a 16-48% probability of a damaging earthquake within 30 miles of their route, the US Geological Survey reported Dec. 23.
12/29/2008 -- Western Australia taps Kimberley site for LNG hub
Western Australia has chosen a site called James Price Point about 60 km north of Broome on the Kimberley coast to establish a proposed LNG hub for development of gas resources in the offshore Browse basin.
12/22/2008 -- Santos lets FEED contract for CSM-fed LNG plant
Santos Ltd. hired Bechtel as its front end engineering and design contractor for a proposed 3.5 million tonnes/year coalseam methane (CSM)-fed LNG plant in Gladstone, Queensland.
12/21/2008 -- TAQA, Gazprom sign MOU for Bergermeer project
Gazprom Export and TAQA Energy BV., a wholly owned subsidiary of Abu Dhabi National Energy Co., signed a memorandum of understanding to partner in Europe's largest new gas storage project in the Netherlands, the Bergermeer gas storage.
12/20/2008 -- Nippon Oil boosts stake in PNG LNG
Nippon Oil Corp. has purchased AGL Energy Ltd.'s entire 3.6% stake of the PNG LNG gas production and liquefaction project off Papua New Guinea, increasing Nippon's share to 5.4% from 1.8%.
12/19/2008 -- Italian gas pipeline from Sillaro field completed
Italian national gas pipeline grid operator, Snam Rete Gas has completed the first pipeline to take gas produced by Australia's Po Valley Energy Ltd. to markets in northern Italy.
12/19/2008 -- New wave of LNG planned; spot prices to recede
Global LNG production will ramp up in 2009, driving international spot prices lower, according to Waterborne Energy, Houston, which tracks and analyzes world LNG markets.
12/19/2008 -- Palomar files application for Oregon pipeline
Palomar Gas Transmission LLC, a joint venture of TransCanada Corp. and Northwest Natural Gas Co., filed an application with the US Federal Energy Regulatory Commission for a certificate to build and operate a 217-mile, 36-in. natural gas interstate transmission pipeline in Oregon.
12/19/2008 -- Montana BLM approves plan to extend Bowdoin gas field's production
A decision to drill new and replacement wells at a rate equal to the retirement of no longer productive wells will keep the Bowdoin natural gas field active for another 35-50 years, the US Bureau of Land Management said on Dec. 5.
12/19/2008 -- FERC issues final EIS for proposed LNG project near Baltimore
The Federal Energy Regulatory Commission's staff identified additional adverse environmental impacts as it issued a final environmental impact statement on Dec. 5 for a proposed liquefied natural gas project outside Baltimore.
12/19/2008 -- CFTC seeks comments on proposal to extend its regulatory authority
The US Commodity Future Trading Commission sought comments on Dec. 11 about proposed rules which would extend its enforcement to markets which are currently exempt.
12/18/2008 -- Sorgenia to regasify LNG off Italy
Private Italian energy firm Sorgenia SPA has awarded a contract to Torp Technology AS to develop an offshore Italian receiving and regasification terminal that could start operations by 2014. The as-yet-undetermined import site would be off central or southern Italy.
12/18/2008 -- PNG LNG nears final project decisions
The Papua New Guinea LNG (PNG LNG) partners will make a final investment decision by yearend 2009 about proceeding with the ambitious LNG project on the Gulf of Papua near Port Moresby. Five trains might eventually be possible.
12/18/2008 -- LNG firms struggle with investments in volatile market
Gas companies are uncertain whether to make LNG investments as gas demand falls due to high prices and the economic downturn, speakers said at the CWC LNG summit in Barcelona.
12/17/2008 -- Gran Tierra defers Colombian pipeline project
Gran Tierra Energy Inc., Calgary, has deferred a 100-km pipeline project in Colombia connecting Costayaco field to the Orito gathering facilities.
12/17/2008 -- Pakistan plans $1 billion TAPI, IPI gas storage
Pakistan says it will require $1 billion to build underground storage for gas to be imported from Iran and Turkmenistan, according to the country's petroleum ministry and the Asian Development Bank.
12/17/2008 -- Equatorial Guinea to set up gas processing hub
Equatorial Guinea plans to establish a gas gathering company to collect gas in the Gulf of Guinea and direct it to key projects in the nation, according to a senior official from the state owned gas company Sonagas.
12/16/2008 -- Gazprom to plan gas transport, storage in Europe
Gazprom Vice-Pres. Alexander Medvedev indicated in Paris Dec. 12 that the company is interested in acquiring gas transport and distribution assets in France and other areas of Europe.
12/16/2008 -- IEA: Floating oil storage capacity on the rise
Abundant oil supplies in a decreasing market and dropping tanker freight rates have combined to form an increase in floating storage, said International Energy Agency in its monthly oil market report.
12/16/2008 -- Aussie LNG producers win on emissions trading
Australia's LNG producers and refiners have emerged from the government of Prime Minister Kevin Rudd's emission trading scheme proposals unexpectedly better off than first expected.

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