noLNG

Group claims Millennium misrepresented scope of coal project

http://tdn.com/news/local/article_e892c86a-393b-11e0-ba50-001cc4c002e0.html

More US LNG projects scrapped as economics become less favorable

"The logic says that there won't be any more," he said. "There is no need
for more capacity. It's a very simple number to do."
Full article:

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/HeadlineNews/NaturalGas/6418769/

Analysts: Most proposed LNG import projects will not survive

By Sean Sullivan

Contrary to the optimism expressed by LNG developers in the face of economic and political challenges, experts said abundant natural gas supply and low prices mean it is not a good time to bet on LNG import terminals at the blueprint stage in North America.

"The pro-LNG import faction has a hard time arguing that we need to bring gas in to address a shortfall of supply," BENTEK Energy LLC Managing Director E. Russell Braziel told SNL Energy on Aug. 26. "They don't have much of a compelling case."

"All the [planned] LNG import terminals were proposed when we were supposed to be running out of domestic supply," said Kelly Bennett, a senior energy analyst at BENTEK. Bennett leads a team that is wrapping up a report on the world outlook for new LNG imports.

Their comments came after Netherlands-based LNG developer 4Gas decided to cancel its proposed MapleLNG facility in Nova Scotia, and as LNG projects in the United States face similar peril.

Projects in the United States also have faced questions about their future, including those being developed by Weaver's Cove Energy LLC in Massachusetts, Calais LNG Project Co. LLC and Downeast LNG LLC in Maine, and Oregon LNG at the mouth of the Columbia River.

More: http://www.snl.com/Interactivex/article.aspx?CdId=A-11638061-10811

 

Goldman Sachs backs away from Main LNG plant

The future of the Calais LNG project is in limbo after the proposed terminal slated to be built in eastern Maine lost the financial backing of Goldman Sachs.

Calais LNG had proposed building a liquefied natural gas terminal in eastern Maine but it hit a major snag as GS Power Holdings, a subsidiary of investment banking giant Goldman Sachs, decided to back away from the project.

Goldman Sachs officials could not be reached for comment about why they're pulling out after investing about $24 million in the project.

Read more: http://www.cbc.ca/canada/new-brunswick/story/2010/07/26/nb-maine-lng-goldman-sachs-1258.html#ixzz0urGhduqe

Could this be the eye opener for the OLNG financial backers? (Blogger)

Will defeat of three Clatsop County commissioners end the turmoil?

By Jeff Mapes, The Oregonian

May 21, 2010, 9:33AM

Clatsop County had a big election Tuesday night when three county commissioners were swept out by challengers who had opposed the effort to site a liquefied natural gas terminal on the Columbia River near Astoria.

It's easy to point to the LNG fight as the reason for the dramatic change in Clatsop County government.  Voters had already recalled two commissioners, in 2008 and 2009, in large part because of the LNG controversy, and had passed a ballot measure opposing the development.

More:
http://blog.oregonlive.com/mapesonpolitics/2010/05/will_defeat_of_three_clatsop_c.html

What Bankrupty???????????

Calpine to Purchase Conectiv Energy Fleet for $1.65 Billion, Adding Scale in Targeted PJM Region

Letter: Essential elements

April's public hearing in Clatsop County should reveal if Bradwood Landing intends to develop credible plans for eight components of its supplemental application. Based on the company's previous actions, Clatsop County should consider two more elements related to this application: history and enforcement.

Complying with requirements is not the company's strong point. Many of the documents it submitted to county, state, and federal authorities were significantly late, incomplete, inaccurate and misleading. Other required documents have yet to be turned in, years after they were requested. For example, Oregon's Department of Environment Quality has been waiting three years past the deadline for required documents.

More: http://www.dailyastorian.info/main.asp?SectionID=23&SubSectionID=393&ArticleID=69586

Letter to Clatsop County Commisioners

April 14, 2010

Clatsop County Board of Commissioners

Regular Meeting

 

 

Commissioners,

 

I want to thank you for choosing to have a Hearings Officer for the public hearing regarding the Bradwood Landing Supplemental Application.  I believe everybody attending the hearing, regardless of their opinions about LNG, would agree that Mr. Livingston has conducted a fair and respectful hearing.  It has been a valuable lesson in democracy for the county.

 As you know, Oregon’s Land Use Board of Appeals (LUBA) has again rejected the Bradwood Landing application.  LUBA said the proposed project is too big to be considered small or medium and that Bradwood Landing would not protect salmon and traditional fishing grounds.

More: Download Comment to BCC -LUBA4-14-10

A Game Changer

By: T. Boone Pickens

I've been in the energy business my entire career, and I can assure you this 81-year-old has chased down more deals than anyone you'll ever meet. A lot of those deals didn't pan out - that's just how the game is played - but every now and then a big kahuna comes along. When it does, you'd better jump on it.

Right now, as our country struggles to rebuild its economy and replace millions of lost jobs, that sort of game changer has landed right in our lap: America has more shale gas than it knows what to do with.

More:  http://www.huffingtonpost.com/t-boone-pickens/a-game-changer_b_467831.html