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LNG -- If We Build it...
A large number of companies want to bring a lot of liquefied natural gas (LNG) to North America over the next few years. However, the reality is not a lot of projects will make it past the drawing board, and world LNG supplies are limited and in demand by other countries. Nevertheless, since its rebirth in the past few years, LNG is now being touted as the "next" energy commodity, the saviour for North America`s dwindling natural gas supplies and growing demand, and companies both large and small are getting in on the act.
By most estimates, more than 40 receiving terminals are currently proposed (see NGI list), and if every single terminal were built and all of the capacity were used, North American LNG output would reach more than 47 Bcf/d -- more than double the 18 Bcf/d now used worldwide. The U.S. market is pulling about 2 Bcf/d of LNG currently, compared with 600 MMcf/d in 2002. It`s obvious that the incredible amounts of LNG and number of terminals proposed are not realistic. But what is?
"Our view is that the ability to produce in North America is declining, and frankly, the alternatives are not very good," said Robert Ineson, director of North American Natural Gas for Cambridge Energy Research Associates (CERA). "So, it`s going to have to be that we import gas whether we like to or not. We see gas today as roughly where oil was in the 1980s...a boom then where we had a rig count that was 4,000 and flat production. And we did get a supply response from imports. We have a lot of existing gas production in Alaska, but it can`t go anywhere. We`re not running out of gas worldwide, and LNG right now appears to us to be cheaper than an Alaska pipe."
Where, oh, where will the terminals be?
Most of the U.S.-based consultants and think tanks following LNG growth do not believe North American capacity can grow nearly as much as proposed. "There is support for more than 10 Bcf/d, and up to about 13 Bcf /d within the next few years," said Ineson. "I tend not to look at it in terms of sizes. We`re not as concerned with the number of terminals that may be built as the amount of capacity each terminal would add."
Ineson said CERA has reviewed proposals for import terminals that would have relatively small amounts of LNG capacity up to terminals as large as 2.6 Bcf/d. Along with the greenfield proposals, three of the four existing U.S.-based LNG receiving terminals also are in the process of expansion -- which will add substantial amounts of capacity. However, "significant" greenfield construction is expected, he said. "There are reasonable places to put gas in the grid. The biggest problem is how few are under construction."
With all of the talk of new facilities, there won`t be a new one in North America before 2007 -- at the earliest. And that is worrisome. "The gist of the story is what we`ve been telling everybody...we`re charting a path," said Ineson. "We`re in for a period when the U.S. gas market will be very tight pending the arrival of more LNG."
CERA has advocated an LNG imperative worldwide to achieve "40 in eight," which means the need to construct as much LNG capacity in the next eight years as the global industry as built in the past 40 years. By 2012, CERA has forecast that another 140 million tons of LNG production capacity is needed if the industry is to meet expectations.
But where would LNG import terminals likely be sited?
"We often make the statement that LNG will go where it can, not necessarily where it should," said Ineson. "The ones that attract supply will be the ones that get built."
Overall, the Gulf Coast has been more receptive to energy infrastructure, he noted. "People are more familiar with it, and frankly, there`s a lot of pipe and gas demand in the area. However, if you lay out the nation and talk about supply deficits and you want to find out where there is a deficit, it`s in the Midwest and the Northeast.
"Gas is well piped into the Midwest, but you have to get supply to it," said Ineson. "There`s no coast. Arguably, a very good place to put a terminal is in New England...it`s also closer by ship than most places and there`s a savings there. In New England, though, you have to deal with some of the infrastructure issues and pipeline capacity. The problem is, first of all, is that it`s a very crowded area, and it`s hard to find a site. Second, there`s a lot of public apprehension about LNG, some based on misinformation. It`s a real thing that has to be dealt with."
There most likely will be a new terminal on the East Coast -- perhaps along the East Coast of Canada. The bulk of new construction, however, is destined for the Gulf Coast.
By 2010, "we are estimating there will be five new terminals in North America," said Ed Porter, a senior associate with Ziff Energy Group. Those likely to achieve success include Excelerate Energy LLC`s Louisiana Energy Bridge, which has been approved by the U.S. Coast Guard. Ziff also is forecasting "two terminals around the Gulf Coast, another in the Bahamas region and another one in Baja (Mexico). And another in the Northeast," which Porter said could be located in New England or along the East Coast of Canada. Like CERA, Ziff sees the most growth in the Gulf Coast region.
Suppliers or Operators?
Would new LNG terminals operate simply as suppliers or serve as operators? For example, Freeport LNG, owned by producers ConocoPhillips, Cheniere Energy and Contango Oil & Gas, is one of the few terminals to be approved so far by the Federal Energy Regulatory Commission. ConocoPhillips has signed up for the capacity, meaning it will be responsible for lining up LNG supplies and marketing the gas. Other planned terminals -- such as the Golden Pass terminal proposed by ExxonMobil in Sabine Pass, TX, would most likely support some of the oil major`s refinery operations. And ExxonMobil already has lined up supplies from its operations in Qatar. Other LNG going into the Gulf Coast would likely support some of the area`s huge petrochemical operations.
"We see a mix of signing up and operation," said Ineson. "When we`re talking about a developer, they`re going to want to toll the plant," but producers may want to manage operations, supply and sales as in the Freeport project, where the largest capacity is going to ConocoPhillips, which also will manage the construction. "We tend to think that having a firm arrangement with customers in the market," is the right business model, Ineson said, but "that model is going to be very hard to come by in LNG. The traditional LNG business model doesn`t work for the U.S. -- customers won`t contract very willingly. Here, you have to figure out which party has the money, which has the project expertise, and where to put the risk."
CERA sees a role emerging for large international companies to serve as LNG intermediaries in the United States. In all cases, said Ineson, they would have to have "pretty good balance sheets." Both ChevronTexaco and ExxonMobil have pointed out the importance of having upstream resources in a worldwide seller`s market for LNG.
Porter said LNG projects have become attractive to U.S. producers because it "provides a great opportunity...to monetize reserves that would be stranded. With the current high prices in North America, LNG offers profitization for them. One thing you have to remember with LNG, is that to sign up an LNG contract, a long-term contract, takes a lot of credit and you need to have firm supply. That`s were producers fit in."
Large-scale financial LNG projects in the deregulated United States` markets are not yet tested in money markets, according to CERA. The LNG projects represent an unknown area that could involve commodity price risks different from traditional long-term contracts common in other parts of the world. These price risks with the long-term arrangements for LNG supply and the long-term buying commitments required for LNG projects have to be reconciled.
Players with "enormous balance sheets, a high tolerance for risk and a long-time horizon" hold significant advantages -- a good fit for cash-rich, big-picture producers.
Possible LNG Shortages?
With more North American demand sure to be a part of the energy mix in the next few years, "it is certainly possible" to see LNG shortages," said Ineson. "These are `lumpy` projects. There`s plenty of gas; the trick is turning it into supply. That`s the problem. There has to be project management. You`ve got to have money to build them, and they need to work with the government. This needs to be done right now."
Imports are also growing in Asia -- the top importer has been and remains Japan. LNG demand also is on the rise in Europe. And now, the United States has quickly moved into the top five among LNG importers, said Ineson, because of rising gas-fired generation demand and flat or declining production.
Right now, most of the imported LNG is going to the Gulf Coast. In 2003, said Porter, Ziff Energy Group estimates that about 500 Bcf of LNG was imported into the United States, with 51% to the terminal in Lake Charles, LA; 30% to Everett LNG in Boston, MA; 11% to Elba Island in Georgia, and 8% to Cove Point LNG in Maryland (which only started import operations in September 2003). All except the Everett terminal are currently undergoing expansions. Trinidad/Tobago imports account for about 75% of North American imports Another 10% of the LNG comes from Nigeria and Algeria, and the rest is from a "mixture" of other sources around the world.
An interesting historical note is that if there had not been an LNG boom that fizzled in the 1980s, there would be very little LNG arriving in the U.S.now. The Lake Charles, Elba Island and Cove Point terminals all were built in the late 1970s and early 1980s and almost immediately mothballed and written off for nearly 20 years until import operations were revived between 1997 and 2003. Putting those terminals back into operation was a much less costly and time-consuming process than that faced by the current greenfield projects. The Distrigas terminal in Boston Harbor has operated continuously since 1971.
Challenges Ahead
Ultimately, more LNG terminals will have an effect on gas prices. "It will take several terminals to accomplish this and it will take time," said Ineson. "There is no quick fix here, and it will take multiple years and perhaps even beyond the end of the decade. Optimistically, new LNG could affect prices by 2008, but likely, it will be after that."
Ziff also sees LNG affecting U.S. gas prices by 2010. "When you bring more supply in, whether it`s from Alaska, LNG or deepwater Gulf gas, the new supply acts as a floating pendulum and it grinds the price down," said Porter. "That`s the concept. Ziff Energy developed a price model view that the gas market is not at equilibrium. Ziff believes prices oscillate because of uneven supply. And LNG is one that will cause the prices to oscillate."
Another huge issue for siting new LNG facilities in the United States will be in improving the public`s confidence in their safety, according to Dr. Michelle Michot Foss of the University of Houston`s Institute for Energy, Law & Enterprise. Security and safety issues are paramount in building LNG terminals, she said. Without the public`s support, there will be unnecessary delays and even cancellations that could prevent critical infrastructure being built. And that is a problem that the experts say has to be solved quickly.
"There is a fear of catastrophic failure," said Foss. "Vapor clouds, pool fires. There is still an inability to communicate probabilities...and there is a high degree of emotion." She noted that the LNG is "not without incidents, but it has maintained an enviable safety record over the past 40 years."
Also critical will be maintaining effective relationships with producing countries, said Foss. "The development of natural gas worldwide is not only beneficial to consuming countries, but also to producing ones. Developing of LNG will help to reduce flaring. The LNG value chain will stimulate additional E&P investment for natural gas worldwide, and help to support development of domestic markets for natural gas, including gas-fired generation, in producing and exporting countries."
LNG -- If We Build it...
A large number of companies want to bring a lot of liquefied natural gas (LNG) to North America over the next few years. However, the reality is not a lot of projects will make it past the drawing board, and world LNG supplies are limited and in demand by other countries. Nevertheless, since its rebirth in the past few years, LNG is now being touted as the "next" energy commodity, the saviour for North America`s dwindling natural gas supplies and growing demand, and companies both large and small are getting in on the act.
By most estimates, more than 40 receiving terminals are currently proposed (see NGI list), and if every single terminal were built and all of the capacity were used, North American LNG output would reach more than 47 Bcf/d -- more than double the 18 Bcf/d now used worldwide. The U.S. market is pulling about 2 Bcf/d of LNG currently, compared with 600 MMcf/d in 2002. It`s obvious that the incredible amounts of LNG and number of terminals proposed are not realistic. But what is?
"Our view is that the ability to produce in North America is declining, and frankly, the alternatives are not very good," said Robert Ineson, director of North American Natural Gas for Cambridge Energy Research Associates (CERA). "So, it`s going to have to be that we import gas whether we like to or not. We see gas today as roughly where oil was in the 1980s...a boom then where we had a rig count that was 4,000 and flat production. And we did get a supply response from imports. We have a lot of existing gas production in Alaska, but it can`t go anywhere. We`re not running out of gas worldwide, and LNG right now appears to us to be cheaper than an Alaska pipe."
Where, oh, where will the terminals be?
Most of the U.S.-based consultants and think tanks following LNG growth do not believe North American capacity can grow nearly as much as proposed. "There is support for more than 10 Bcf/d, and up to about 13 Bcf /d within the next few years," said Ineson. "I tend not to look at it in terms of sizes. We`re not as concerned with the number of terminals that may be built as the amount of capacity each terminal would add."
Ineson said CERA has reviewed proposals for import terminals that would have relatively small amounts of LNG capacity up to terminals as large as 2.6 Bcf/d. Along with the greenfield proposals, three of the four existing U.S.-based LNG receiving terminals also are in the process of expansion -- which will add substantial amounts of capacity. However, "significant" greenfield construction is expected, he said. "There are reasonable places to put gas in the grid. The biggest problem is how few are under construction."
With all of the talk of new facilities, there won`t be a new one in North America before 2007 -- at the earliest. And that is worrisome. "The gist of the story is what we`ve been telling everybody...we`re charting a path," said Ineson. "We`re in for a period when the U.S. gas market will be very tight pending the arrival of more LNG."
CERA has advocated an LNG imperative worldwide to achieve "40 in eight," which means the need to construct as much LNG capacity in the next eight years as the global industry as built in the past 40 years. By 2012, CERA has forecast that another 140 million tons of LNG production capacity is needed if the industry is to meet expectations.
But where would LNG import terminals likely be sited?
"We often make the statement that LNG will go where it can, not necessarily where it should," said Ineson. "The ones that attract supply will be the ones that get built."
Overall, the Gulf Coast has been more receptive to energy infrastructure, he noted. "People are more familiar with it, and frankly, there`s a lot of pipe and gas demand in the area. However, if you lay out the nation and talk about supply deficits and you want to find out where there is a deficit, it`s in the Midwest and the Northeast.
"Gas is well piped into the Midwest, but you have to get supply to it," said Ineson. "There`s no coast. Arguably, a very good place to put a terminal is in New England...it`s also closer by ship than most places and there`s a savings there. In New England, though, you have to deal with some of the infrastructure issues and pipeline capacity. The problem is, first of all, is that it`s a very crowded area, and it`s hard to find a site. Second, there`s a lot of public apprehension about LNG, some based on misinformation. It`s a real thing that has to be dealt with."
There most likely will be a new terminal on the East Coast -- perhaps along the East Coast of Canada. The bulk of new construction, however, is destined for the Gulf Coast.
By 2010, "we are estimating there will be five new terminals in North America," said Ed Porter, a senior associate with Ziff Energy Group. Those likely to achieve success include Excelerate Energy LLC`s Louisiana Energy Bridge, which has been approved by the U.S. Coast Guard. Ziff also is forecasting "two terminals around the Gulf Coast, another in the Bahamas region and another one in Baja (Mexico). And another in the Northeast," which Porter said could be located in New England or along the East Coast of Canada. Like CERA, Ziff sees the most growth in the Gulf Coast region.
Suppliers or Operators?
Would new LNG terminals operate simply as suppliers or serve as operators? For example, Freeport LNG, owned by producers ConocoPhillips, Cheniere Energy and Contango Oil & Gas, is one of the few terminals to be approved so far by the Federal Energy Regulatory Commission. ConocoPhillips has signed up for the capacity, meaning it will be responsible for lining up LNG supplies and marketing the gas. Other planned terminals -- such as the Golden Pass terminal proposed by ExxonMobil in Sabine Pass, TX, would most likely support some of the oil major`s refinery operations. And ExxonMobil already has lined up supplies from its operations in Qatar. Other LNG going into the Gulf Coast would likely support some of the area`s huge petrochemical operations.
"We see a mix of signing up and operation," said Ineson. "When we`re talking about a developer, they`re going to want to toll the plant," but producers may want to manage operations, supply and sales as in the Freeport project, where the largest capacity is going to ConocoPhillips, which also will manage the construction. "We tend to think that having a firm arrangement with customers in the market," is the right business model, Ineson said, but "that model is going to be very hard to come by in LNG. The traditional LNG business model doesn`t work for the U.S. -- customers won`t contract very willingly. Here, you have to figure out which party has the money, which has the project expertise, and where to put the risk."
CERA sees a role emerging for large international companies to serve as LNG intermediaries in the United States. In all cases, said Ineson, they would have to have "pretty good balance sheets." Both ChevronTexaco and ExxonMobil have pointed out the importance of having upstream resources in a worldwide seller`s market for LNG.
Porter said LNG projects have become attractive to U.S. producers because it "provides a great opportunity...to monetize reserves that would be stranded. With the current high prices in North America, LNG offers profitization for them. One thing you have to remember with LNG, is that to sign up an LNG contract, a long-term contract, takes a lot of credit and you need to have firm supply. That`s were producers fit in."
Large-scale financial LNG projects in the deregulated United States` markets are not yet tested in money markets, according to CERA. The LNG projects represent an unknown area that could involve commodity price risks different from traditional long-term contracts common in other parts of the world. These price risks with the long-term arrangements for LNG supply and the long-term buying commitments required for LNG projects have to be reconciled.
Players with "enormous balance sheets, a high tolerance for risk and a long-time horizon" hold significant advantages -- a good fit for cash-rich, big-picture producers.
Possible LNG Shortages?
With more North American demand sure to be a part of the energy mix in the next few years, "it is certainly possible" to see LNG shortages," said Ineson. "These are `lumpy` projects. There`s plenty of gas; the trick is turning it into supply. That`s the problem. There has to be project management. You`ve got to have money to build them, and they need to work with the government. This needs to be done right now."
Imports are also growing in Asia -- the top importer has been and remains Japan. LNG demand also is on the rise in Europe. And now, the United States has quickly moved into the top five among LNG importers, said Ineson, because of rising gas-fired generation demand and flat or declining production.
Right now, most of the imported LNG is going to the Gulf Coast. In 2003, said Porter, Ziff Energy Group estimates that about 500 Bcf of LNG was imported into the United States, with 51% to the terminal in Lake Charles, LA; 30% to Everett LNG in Boston, MA; 11% to Elba Island in Georgia, and 8% to Cove Point LNG in Maryland (which only started import operations in September 2003). All except the Everett terminal are currently undergoing expansions. Trinidad/Tobago imports account for about 75% of North American imports Another 10% of the LNG comes from Nigeria and Algeria, and the rest is from a "mixture" of other sources around the world.
An interesting historical note is that if there had not been an LNG boom that fizzled in the 1980s, there would be very little LNG arriving in the U.S.now. The Lake Charles, Elba Island and Cove Point terminals all were built in the late 1970s and early 1980s and almost immediately mothballed and written off for nearly 20 years until import operations were revived between 1997 and 2003. Putting those terminals back into operation was a much less costly and time-consuming process than that faced by the current greenfield projects. The Distrigas terminal in Boston Harbor has operated continuously since 1971.
Challenges Ahead
Ultimately, more LNG terminals will have an effect on gas prices. "It will take several terminals to accomplish this and it will take time," said Ineson. "There is no quick fix here, and it will take multiple years and perhaps even beyond the end of the decade. Optimistically, new LNG could affect prices by 2008, but likely, it will be after that."
Ziff also sees LNG affecting U.S. gas prices by 2010. "When you bring more supply in, whether it`s from Alaska, LNG or deepwater Gulf gas, the new supply acts as a floating pendulum and it grinds the price down," said Porter. "That`s the concept. Ziff Energy developed a price model view that the gas market is not at equilibrium. Ziff believes prices oscillate because of uneven supply. And LNG is one that will cause the prices to oscillate."
Another huge issue for siting new LNG facilities in the United States will be in improving the public`s confidence in their safety, according to Dr. Michelle Michot Foss of the University of Houston`s Institute for Energy, Law & Enterprise. Security and safety issues are paramount in building LNG terminals, she said. Without the public`s support, there will be unnecessary delays and even cancellations that could prevent critical infrastructure being built. And that is a problem that the experts say has to be solved quickly.
"There is a fear of catastrophic failure," said Foss. "Vapor clouds, pool fires. There is still an inability to communicate probabilities...and there is a high degree of emotion." She noted that the LNG is "not without incidents, but it has maintained an enviable safety record over the past 40 years."
Also critical will be maintaining effective relationships with producing countries, said Foss. "The development of natural gas worldwide is not only beneficial to consuming countries, but also to producing ones. Developing of LNG will help to reduce flaring. The LNG value chain will stimulate additional E&P investment for natural gas worldwide, and help to support development of domestic markets for natural gas, including gas-fired generation, in producing and exporting countries."
Einen umfassenden Überblick über die LNG-Thematik gibt der
World LNG Industry Review
http://www.ilnga.org/SpecFeat-WorldLNG.pdf
World LNG Industry Review
http://www.ilnga.org/SpecFeat-WorldLNG.pdf
http://www.financialsense.com/editorials/powers/2004/0901.ht…
und wieder ein Grund mehr in diesen Bereich zu investieren...
und wieder ein Grund mehr in diesen Bereich zu investieren...
20,84 USD
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Cheniere Energy Inc. Agrees to Sell Capacity in Sabine Pass Terminal to Total
Friday September 3, 9:17 am ET
HOUSTON--(BUSINESS WIRE)--Sept. 3, 2004--Cheniere Energy Inc. (AMEX:LNG - News) announced today that its wholly owned limited partnership, Sabine Pass LNG, L.P. ("Cheniere SP") has entered into a terminal use and related agreement with Total LNG USA, Inc. ("Total"), a subsidiary of Total SA (NYSE:TOT - News). Under the terms of the agreement, Total will receive the right to LNG regasification capacity of 1 billion cubic feet per day ("Bcf/d"), for a period of 20 years commencing no later than April 1, 2009. Total has the option to proceed with the transaction by electing to make an initial payment and to take other actions by November 15, 2004. If Total elects to proceed with the transaction, a second payment will be made upon the latter to occur of (a) approval by the Federal Energy Regulatory Commission ("FERC") to build the Sabine Pass terminal and (b) completion of related financing for construction of the facility. The advance payments will be amortized as a reduction of Total`s tariff over a ten-year period. Total also has the right to terminate this transaction if the preceding conditions are not satisfied by June 30, 2005. For additional information, please refer to the Cheniere Energy Inc. concurrent filing with the Securities and Exchange Commission of a Current Report on Form 8-K, which is posted on Cheniere`s Web site under the "Investor Relations SEC Filings" link.
ADVERTISEMENT
Cheniere SP received its Draft Environmental Impact Statement from FERC on August 12, 2004, and should begin construction in the first quarter of 2005. The facility is designed to process 2.6 Bcf/d of LNG. Cheniere is also a 30% limited partner in Freeport LNG Development, L.P., a project which it began in 2000 and which received its final permit from FERC in July 2004.
"Cheniere will be very pleased to have Total as a major customer of the Sabine Pass LNG facility," said Keith Meyer, president of Cheniere LNG Inc., a wholly owned subsidiary of Cheniere Energy. "With Total anchoring the Sabine Pass terminal, and the 1.5 Bcf/d capacity of Freeport LNG fully committed, Cheniere has sponsored two of the most commercially advanced LNG receiving terminals under development in the United States. The terminal development at Corpus Christi will soon follow which will provide Cheniere the ability to offer highly reliable service across a range of ship channels, unloading berths and downstream markets."
Cheniere Energy Inc. is a Houston-based developer of liquefied natural gas receiving terminals and a Gulf of Mexico E&P company. Cheniere is developing Gulf Coast LNG receiving terminals near Sabine Pass, La., and near Corpus Christi, Texas. Cheniere is also a 30% limited partner in Freeport LNG Development, L.P., which is developing an LNG receiving terminal in Freeport, Texas. Cheniere conducts exploration for oil and gas in the Gulf of Mexico using a regional database of 7,000 square miles of PSTM 3D seismic data. Cheniere also owns 9% of Gryphon Exploration Company, along with Warburg, Pincus Equity Partners, L.P. which owns 91%. Additional information about Cheniere Energy Inc. may be found on its Web site at www.Cheniere.com, by contacting the company`s investor and media relations department toll-free at 888-948-2036 or by writing to: Info@Cheniere.com.
Cheniere Energy Inc. Agrees to Sell Capacity in Sabine Pass Terminal to Total
Friday September 3, 9:17 am ET
HOUSTON--(BUSINESS WIRE)--Sept. 3, 2004--Cheniere Energy Inc. (AMEX:LNG - News) announced today that its wholly owned limited partnership, Sabine Pass LNG, L.P. ("Cheniere SP") has entered into a terminal use and related agreement with Total LNG USA, Inc. ("Total"), a subsidiary of Total SA (NYSE:TOT - News). Under the terms of the agreement, Total will receive the right to LNG regasification capacity of 1 billion cubic feet per day ("Bcf/d"), for a period of 20 years commencing no later than April 1, 2009. Total has the option to proceed with the transaction by electing to make an initial payment and to take other actions by November 15, 2004. If Total elects to proceed with the transaction, a second payment will be made upon the latter to occur of (a) approval by the Federal Energy Regulatory Commission ("FERC") to build the Sabine Pass terminal and (b) completion of related financing for construction of the facility. The advance payments will be amortized as a reduction of Total`s tariff over a ten-year period. Total also has the right to terminate this transaction if the preceding conditions are not satisfied by June 30, 2005. For additional information, please refer to the Cheniere Energy Inc. concurrent filing with the Securities and Exchange Commission of a Current Report on Form 8-K, which is posted on Cheniere`s Web site under the "Investor Relations SEC Filings" link.
ADVERTISEMENT
Cheniere SP received its Draft Environmental Impact Statement from FERC on August 12, 2004, and should begin construction in the first quarter of 2005. The facility is designed to process 2.6 Bcf/d of LNG. Cheniere is also a 30% limited partner in Freeport LNG Development, L.P., a project which it began in 2000 and which received its final permit from FERC in July 2004.
"Cheniere will be very pleased to have Total as a major customer of the Sabine Pass LNG facility," said Keith Meyer, president of Cheniere LNG Inc., a wholly owned subsidiary of Cheniere Energy. "With Total anchoring the Sabine Pass terminal, and the 1.5 Bcf/d capacity of Freeport LNG fully committed, Cheniere has sponsored two of the most commercially advanced LNG receiving terminals under development in the United States. The terminal development at Corpus Christi will soon follow which will provide Cheniere the ability to offer highly reliable service across a range of ship channels, unloading berths and downstream markets."
Cheniere Energy Inc. is a Houston-based developer of liquefied natural gas receiving terminals and a Gulf of Mexico E&P company. Cheniere is developing Gulf Coast LNG receiving terminals near Sabine Pass, La., and near Corpus Christi, Texas. Cheniere is also a 30% limited partner in Freeport LNG Development, L.P., which is developing an LNG receiving terminal in Freeport, Texas. Cheniere conducts exploration for oil and gas in the Gulf of Mexico using a regional database of 7,000 square miles of PSTM 3D seismic data. Cheniere also owns 9% of Gryphon Exploration Company, along with Warburg, Pincus Equity Partners, L.P. which owns 91%. Additional information about Cheniere Energy Inc. may be found on its Web site at www.Cheniere.com, by contacting the company`s investor and media relations department toll-free at 888-948-2036 or by writing to: Info@Cheniere.com.
Trading Spotlight
Cheniere Energy, Inc.: Stock Rating Summary
Cheniere Energy, Inc., a small-cap company in the energy sector, is expected to outperform the market over the next six months with average risk.
10 is the best possible rating.
Quick Summary Details
Pro• Previous day`s closing price for US:LNG was significantly above its 50-day moving average. Very positive
• Shares are under heavy accumulation by financial institutions. Positive for a small company like US:LNG
Con• The price-to-earnings multiple is a negative number. No effect
• An executive, director or major shareholder sold a large number of shares recently. Negative
Short-term Outlook
Over the next 1-2 months, StockScouter forecasts that small-cap stocks will be in favor and energy stocks will be in favor. More on market trends
It is a (5) today. Joyce
Cheniere Energy, Inc., a small-cap company in the energy sector, is expected to outperform the market over the next six months with average risk.
10 is the best possible rating.
Quick Summary Details
Pro• Previous day`s closing price for US:LNG was significantly above its 50-day moving average. Very positive
• Shares are under heavy accumulation by financial institutions. Positive for a small company like US:LNG
Con• The price-to-earnings multiple is a negative number. No effect
• An executive, director or major shareholder sold a large number of shares recently. Negative
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Over the next 1-2 months, StockScouter forecasts that small-cap stocks will be in favor and energy stocks will be in favor. More on market trends
It is a (5) today. Joyce
Asia Lures LNG Cargoes From Trinidad, Nigeria, Boosting Prices
Oct. 12 (Bloomberg) -- Asia`s worsening shortage of liquefied natural gas is prompting producers such as Nigeria and Trinidad to redirect supply earmarked for the U.S., boosting prices before the Northern Hemisphere winter.
Demand rose in South Korea, Japan and Taiwan as a hotter-than- normal summer spurred air-conditioning use, forcing importers to seek alternate supplies for the coming winter from the Atlantic Basin and Middle East, said Andy Flower, a U.K.-based independent LNG consultant.
``The Asian spot market is very tight -- we need to build up inventories to meet winter demand and we are intercepting cargoes that were originally intended for other regions,`` said Park Jae Young, a manager in the LNG trading team at Korea Gas Corp., the world`s biggest buyer of the fuel.
Tokyo Electric Power Co., Korea Gas and other Asian buyers accounting for more than $21 billion of LNG imports in 2004 have contracted for most of the region`s new output due until 2007. Asia`s ability to meet orders has been crimped because output from Indonesia`s PT Badak NGL, the world`s biggest LNG plant, fell as gas fields deplete faster than expected.
The LNG shortage is driving prices higher in the Asian spot market for individual cargoes, Korea Gas`s Park said, declining to give details. Korea Gas paid an average of $259 a ton for LNG last year and prices in the spot market rose to about $312 a ton, Lee Keum Woo, an official in Korea Gas`s fuel trading team, said in August.
Conference Topic
The price of LNG, which buyers and sellers rarely disclose, will be among the topics discussed by delegates at the Gas AustralAsia Pacific 2004 conference in Perth, Western Australia, today and tomorrow.
Korea Gas and Indonesian state-owned PT Pertamina, Badak`s controlling shareholder, are among companies sending officials to the conference.
The direction of global LNG shipments shifted two months ago, said Flower. In the three months ended July 31, Australia, Malaysia and the Middle East sent 13 cargoes to the U.S., totaling 740,000 metric tons, Flower said. In August, at least seven cargoes, or 350,000 tons, were delivered from Nigeria, Trinidad and possibly Spain to Northeast Asia, he said.
``There has been a big switch-around between the early part of the northern summer and the last couple of months,`` Flower said. ``Korea Gas and the Japanese utilities are building stocks, which have been depleted during the summer. If the winter is cold then they will be in the market for more LNG.``
Japan, Korea
Japan and Korea are the two largest LNG importers in the world. Asian demand for LNG, mostly burned in power stations, rose 9.3 percent last year to 82.8 million tons, according to BP Plc`s Annual Statistical Review of World Energy.
In Indonesia, output at Badak could fall 10 percent this year from last year`s 26 million tons, Pertamina Trading and Marketing Director Ari Sumarno said last month.
Japan`s electricity sales rose 12.5 percent in July and 10 percent in August from a year earlier as record summer temperatures increased the use of air conditioners. LNG imports rose 10 percent in August to 5.4 million metric tons, the Ministry of Finance said last month. South Korean power demand rose 12.2 percent in August to a record, after temperatures soared to a 10- year high.
Nigeria, Trinidad
Japan imported spot LNG cargoes from Nigeria and Trinidad this year to meet increased demand after nuclear reactors were shut down for safety inspections and summer temperatures rose. The country`s demand may rise by less than 1 percent a year through 2015 to 61 million tons, the Australian government`s commodities forecaster said in June.
Taiwan`s imports may more than double by 2010, while Korea`s imports are projected to rise almost 90 percent to 33 million tons by 2015 from 2002, the forecaster said.
Unless Korea Gas signs more multiyear purchase contracts, it may have to buy more LNG in the spot market, the forecaster said.
Korea Gas bought a record 43 spot cargoes, or about 2.4 million tons, in the winter from Oct. 2002 till March 2003; 36 the next winter and now plans to buy 45 for the 2004-2005 winter, said Korea Gas`s Park. Sellers include Korea Gas`s existing term- contract suppliers, such as Malaysia, Qatar and Oman, he said.
Winter Demand
``We`ve bought between 30 and 40 cargoes annually in the spot market the past few years,`` said Park. ``Before that, we used to buy about 10 a year to meet winter demand.``
Buyers may face higher prices beyond the next northern hemisphere winter, as new markets open and absorb increased output from ventures in Australia, Indonesia, Malaysia, Russia, Qatar, Oman and Abu Dhabi.
India started importing LNG in January, while China is due to start imports in 2006. The U.S. West Coast is scheduled to start imports by the end of the decade.
``So what we have in a fairly short period of time is three new markets opening up,`` John Banner, president of North West Shelf Australia LNG Pty, the marketing arm of the North West Shelf venture, said in an interview last month. ``You would expect that to have an upward impact on pricing.``
Global LNG trade could more than double to 280 million tons a year by 2010, requiring the industry to build four or five new production lines a year, David Maxwell, a director of Woodside Petroleum Ltd.`s gas business unit, said in Houston, Texas, on Oct. 1. Woodside operates the North West Shelf.
To contact the reporter on this story:
Angela Macdonald-Smith in Sydney at amacdonaldsm@Bloomberg.net and
In-soo Nam in Seoul at inam@bloomberg.net.
To contact the editor responsible for this story:
Reinie Booysen at rbooysen@Bloomberg.net.
Last Updated: October 11, 2004 14:58 EDT
Oct. 12 (Bloomberg) -- Asia`s worsening shortage of liquefied natural gas is prompting producers such as Nigeria and Trinidad to redirect supply earmarked for the U.S., boosting prices before the Northern Hemisphere winter.
Demand rose in South Korea, Japan and Taiwan as a hotter-than- normal summer spurred air-conditioning use, forcing importers to seek alternate supplies for the coming winter from the Atlantic Basin and Middle East, said Andy Flower, a U.K.-based independent LNG consultant.
``The Asian spot market is very tight -- we need to build up inventories to meet winter demand and we are intercepting cargoes that were originally intended for other regions,`` said Park Jae Young, a manager in the LNG trading team at Korea Gas Corp., the world`s biggest buyer of the fuel.
Tokyo Electric Power Co., Korea Gas and other Asian buyers accounting for more than $21 billion of LNG imports in 2004 have contracted for most of the region`s new output due until 2007. Asia`s ability to meet orders has been crimped because output from Indonesia`s PT Badak NGL, the world`s biggest LNG plant, fell as gas fields deplete faster than expected.
The LNG shortage is driving prices higher in the Asian spot market for individual cargoes, Korea Gas`s Park said, declining to give details. Korea Gas paid an average of $259 a ton for LNG last year and prices in the spot market rose to about $312 a ton, Lee Keum Woo, an official in Korea Gas`s fuel trading team, said in August.
Conference Topic
The price of LNG, which buyers and sellers rarely disclose, will be among the topics discussed by delegates at the Gas AustralAsia Pacific 2004 conference in Perth, Western Australia, today and tomorrow.
Korea Gas and Indonesian state-owned PT Pertamina, Badak`s controlling shareholder, are among companies sending officials to the conference.
The direction of global LNG shipments shifted two months ago, said Flower. In the three months ended July 31, Australia, Malaysia and the Middle East sent 13 cargoes to the U.S., totaling 740,000 metric tons, Flower said. In August, at least seven cargoes, or 350,000 tons, were delivered from Nigeria, Trinidad and possibly Spain to Northeast Asia, he said.
``There has been a big switch-around between the early part of the northern summer and the last couple of months,`` Flower said. ``Korea Gas and the Japanese utilities are building stocks, which have been depleted during the summer. If the winter is cold then they will be in the market for more LNG.``
Japan, Korea
Japan and Korea are the two largest LNG importers in the world. Asian demand for LNG, mostly burned in power stations, rose 9.3 percent last year to 82.8 million tons, according to BP Plc`s Annual Statistical Review of World Energy.
In Indonesia, output at Badak could fall 10 percent this year from last year`s 26 million tons, Pertamina Trading and Marketing Director Ari Sumarno said last month.
Japan`s electricity sales rose 12.5 percent in July and 10 percent in August from a year earlier as record summer temperatures increased the use of air conditioners. LNG imports rose 10 percent in August to 5.4 million metric tons, the Ministry of Finance said last month. South Korean power demand rose 12.2 percent in August to a record, after temperatures soared to a 10- year high.
Nigeria, Trinidad
Japan imported spot LNG cargoes from Nigeria and Trinidad this year to meet increased demand after nuclear reactors were shut down for safety inspections and summer temperatures rose. The country`s demand may rise by less than 1 percent a year through 2015 to 61 million tons, the Australian government`s commodities forecaster said in June.
Taiwan`s imports may more than double by 2010, while Korea`s imports are projected to rise almost 90 percent to 33 million tons by 2015 from 2002, the forecaster said.
Unless Korea Gas signs more multiyear purchase contracts, it may have to buy more LNG in the spot market, the forecaster said.
Korea Gas bought a record 43 spot cargoes, or about 2.4 million tons, in the winter from Oct. 2002 till March 2003; 36 the next winter and now plans to buy 45 for the 2004-2005 winter, said Korea Gas`s Park. Sellers include Korea Gas`s existing term- contract suppliers, such as Malaysia, Qatar and Oman, he said.
Winter Demand
``We`ve bought between 30 and 40 cargoes annually in the spot market the past few years,`` said Park. ``Before that, we used to buy about 10 a year to meet winter demand.``
Buyers may face higher prices beyond the next northern hemisphere winter, as new markets open and absorb increased output from ventures in Australia, Indonesia, Malaysia, Russia, Qatar, Oman and Abu Dhabi.
India started importing LNG in January, while China is due to start imports in 2006. The U.S. West Coast is scheduled to start imports by the end of the decade.
``So what we have in a fairly short period of time is three new markets opening up,`` John Banner, president of North West Shelf Australia LNG Pty, the marketing arm of the North West Shelf venture, said in an interview last month. ``You would expect that to have an upward impact on pricing.``
Global LNG trade could more than double to 280 million tons a year by 2010, requiring the industry to build four or five new production lines a year, David Maxwell, a director of Woodside Petroleum Ltd.`s gas business unit, said in Houston, Texas, on Oct. 1. Woodside operates the North West Shelf.
To contact the reporter on this story:
Angela Macdonald-Smith in Sydney at amacdonaldsm@Bloomberg.net and
In-soo Nam in Seoul at inam@bloomberg.net.
To contact the editor responsible for this story:
Reinie Booysen at rbooysen@Bloomberg.net.
Last Updated: October 11, 2004 14:58 EDT
Cheniere hat Angst vor einer feindlichen Übernahme...
Cheniere Energy Adopts Stockholder Rights Plan
Houston – October 14, 2004 – Cheniere Energy, Inc. (AMEX: LNG) announced today that on October 13, 2004 its board of directors adopted a Stockholder Rights Plan in which preferred stock purchase rights will be distributed as a dividend at the rate of one Right for each share of common stock of Cheniere held by stockholders of record as of the close of business on November 1, 2004. The Cheniere Rights Plan is designed to deter coercive takeover tactics, including the accumulation of shares in the open market or through private transactions, and to prevent an acquiror from gaining control of Cheniere without offering a fair price to all of Cheniere’s stockholders. The Stockholder Rights Plan was not adopted in response to any specific threat or takeover offer. The rights under the Stockholder Rights Plan will expire on October 14, 2014.
Each Right under the Stockholder Rights Plan will entitle stockholders to buy one unit of a share of preferred stock for $200. The rights under the Stockholder Rights Plan generally will be exercisable only if a person or group acquires beneficial ownership of 15% or more of Cheniere’s common stock or commences a tender or exchange offer upon consummation of which the person or group would beneficially own 15% or more of Cheniere’s common stock.
The rights under the Stockholder Rights Plan are intended to enable all stockholders to realize the long-term value of their investment in Cheniere. The rights under the Stockholder Rights Plan will not prevent a takeover attempt, but are intended to encourage anyone seeking to acquire Cheniere to negotiate with the board prior to attempting a takeover.
More detailed description of the Stockholder Rights Plan and its operation is contained in Cheniere’s Form 8-K, which is being filed today with the Securities and Exchange Commission and will be available on Cheniere’s website: www.cheniere.com.
Cheniere Energy, Inc. is a Houston-based developer of liquefied natural gas receiving terminals and a Gulf of Mexico E&P company. Cheniere is developing Gulf Coast LNG receiving terminals near Sabine Pass, LA, and near Corpus Christi, TX. Cheniere is also a 30% limited partner in Freeport LNG Development, L.P., which is developing an LNG receiving terminal in Freeport, Texas. Cheniere conducts exploration for oil and gas in the Gulf of Mexico using a regional database of 7,000 square miles of PSTM 3D seismic data. Cheniere also owns 9% of Gryphon Exploration Company, along with Warburg, Pincus Equity Partners, L.P. which owns 91%. Additional information about Cheniere Energy, Inc. may be found on its website at www.cheniere.com, by contacting the company’s investor and media relations department toll-free at 888-948-2036 or by writing to: Info@Cheniere.com.
Cheniere Energy Adopts Stockholder Rights Plan
Houston – October 14, 2004 – Cheniere Energy, Inc. (AMEX: LNG) announced today that on October 13, 2004 its board of directors adopted a Stockholder Rights Plan in which preferred stock purchase rights will be distributed as a dividend at the rate of one Right for each share of common stock of Cheniere held by stockholders of record as of the close of business on November 1, 2004. The Cheniere Rights Plan is designed to deter coercive takeover tactics, including the accumulation of shares in the open market or through private transactions, and to prevent an acquiror from gaining control of Cheniere without offering a fair price to all of Cheniere’s stockholders. The Stockholder Rights Plan was not adopted in response to any specific threat or takeover offer. The rights under the Stockholder Rights Plan will expire on October 14, 2014.
Each Right under the Stockholder Rights Plan will entitle stockholders to buy one unit of a share of preferred stock for $200. The rights under the Stockholder Rights Plan generally will be exercisable only if a person or group acquires beneficial ownership of 15% or more of Cheniere’s common stock or commences a tender or exchange offer upon consummation of which the person or group would beneficially own 15% or more of Cheniere’s common stock.
The rights under the Stockholder Rights Plan are intended to enable all stockholders to realize the long-term value of their investment in Cheniere. The rights under the Stockholder Rights Plan will not prevent a takeover attempt, but are intended to encourage anyone seeking to acquire Cheniere to negotiate with the board prior to attempting a takeover.
More detailed description of the Stockholder Rights Plan and its operation is contained in Cheniere’s Form 8-K, which is being filed today with the Securities and Exchange Commission and will be available on Cheniere’s website: www.cheniere.com.
Cheniere Energy, Inc. is a Houston-based developer of liquefied natural gas receiving terminals and a Gulf of Mexico E&P company. Cheniere is developing Gulf Coast LNG receiving terminals near Sabine Pass, LA, and near Corpus Christi, TX. Cheniere is also a 30% limited partner in Freeport LNG Development, L.P., which is developing an LNG receiving terminal in Freeport, Texas. Cheniere conducts exploration for oil and gas in the Gulf of Mexico using a regional database of 7,000 square miles of PSTM 3D seismic data. Cheniere also owns 9% of Gryphon Exploration Company, along with Warburg, Pincus Equity Partners, L.P. which owns 91%. Additional information about Cheniere Energy, Inc. may be found on its website at www.cheniere.com, by contacting the company’s investor and media relations department toll-free at 888-948-2036 or by writing to: Info@Cheniere.com.
Bärenstark...
Wieder ein neues Hoch!!
Wieder ein neues Hoch!!
+ 34%
Ist es nicht einfach ein geiler Chart???
Ich würde mich aber noch mehr freuen, wenn ich mich auch zusammen mit anderen freuen könnte...
Ich würde mich aber noch mehr freuen, wenn ich mich auch zusammen mit anderen freuen könnte...
So ein geiler Chart, einfach nur geil!!!!
Wieder neue Höchstkurse...
Und keine Sau interessiert sich dafür!!
Und keine Sau interessiert sich dafür!!
Energy-hungry nation looks to LNG
By H. Josef Hebert
THE ASSOCIATED PRESS
COVE POINT, Md. - Once or twice a week, a tanker unloads millions of gallons of frosty liquid at a terminal on the Chesapeake Bay, bringing to the United States a fuel that many economists believe will help temper energy prices in the coming decades.
For years, liquefied natural gas (LNG) was too expensive. It really was not needed. Even today, there are safety and terrorism worries, exaggerated or not, about shipments of the fuel.
But as growing demand for natural gas outstrips North America`s conventional supplies, many experts view imports of LNG as the only way to head off decades of soaring prices for businesses and the tens of millions of households that rely on the fuel for heat and electricity.
While politicians talk of the need for greater U.S. energy independence, American consumers may rely increasingly on LNG imports from Algeria, Qatar, Russia and elsewhere.
If current trends continue, the United States "by far will be the largest consumer of LNG in the next decade," said Guy Caruso, head of the government`s Energy Information Administration.
"If we don`t have the capacity to bring in the amount of gas we need and domestic supply goes the way we think it will, the clear implication is higher prices," Caruso said.
Nowhere is the emerging global LNG market more evident than on the shores of Chesapeake Bay, 70 miles south of Baltimore.
It was only two years ago that Dominion Resources Inc.`s LNG import terminal, in the shadow of the Cove Point lighthouse, was in mothballs. Its offshore docking platform, able to handle two LNG tankers at a time, sat idle - a monument to a business gone awry.
Now, the platform built in 1974 and shut down in 1981 unloads a tanker full of imported LNG on average every four days. The cold liquid is piped through a 1.2-mile underwater tunnel to four huge storage tanks. Delivered at minus-260 degrees Fahrenheit, the fuel is warmed and turned back into gas, then shipped over pipelines to mid-Atlantic customers.
A larger tank is near completion, and two more tanks are planned. By 2008, the terminal will be able to handle 1.8 billion cubic feet of imported gas daily, more than double today`s volume and enough fuel to serve 6.1 million homes, Dominion spokesman Daniel Donovan said.
LNG import terminals in Louisiana, Georgia and the Boston area also are expanding. Despite community opposition, more than 40 new LNG projects are proposed around the nation. About a dozen probably will be built, according to experts.
LNG imports still account for less than 3 percent of the 61 billion cubic feet of natural gas used every day in the United States. But LNG`s share could grow tenfold in the next 20 years, some analysts predict.
Still, there are concerns about how the fuel is shipped and stored.
LNG cannot explode and is not flammable as a liquid.
But a government study by the Sandia National Laboratory concludes terrorists could blast a large hole into a double-hulled LNG vessel. That would release millions of gallons of fuel that would quickly turn to gas and ignite.
The fire would be so intense that it could cause major injury and burn buildings one-third of a mile away. Within seconds, the fire could give second- degree burns to people who are a mile away.
"The risks of a catastrophic accident ... is a real one. Far too little is known about the vulnerability of LNG terminals and ships to terrorist attacks," said Philip Warburg, president of the Conservation Law Foundation. The group has lobbied against putting LNG terminals in populated areas in the Northeast.
Industry officials say that there has never been a leak of LNG from a double-hull tanker and that protection of LNG shipments has improved since the attacks of Sept. 11, 2001.
Storage tanks, such as those at Cove Point, are designed so burning fuel would be confined within site boundaries, said Donovan, the Dominion spokesman.
Fading production
There is little disagreement about the need to import more LNG.
Traditionally, U.S. demand for natural gas has been met almost entirely from pipeline-accessible fields in the United States and Canada. Experts, however, say wells in the Gulf of Mexico are in decline, Canada`s production will fall off after 2015, and gas fields in the Rocky Mountain states and Alaska will not meet future demand.
By 2025, the United States is expected to need 31 trillion cubic feet of gas a year, a 38-percent increase, but North American supplies by then will be only 24 trillion cubic feet, 11-percent higher, the government says.
The government projects LNG will account for 20 percent of the gas used by 2025. Some private consulting firms and oil industry estimates put the LNG share as high as 30 percent by then.
"We have not been able to increase gas production for a decade," said energy consultant Daniel Yergin, chairman of Cambridge Energy Research Associates. "U.S. gas productive capacity, like oil, is now in permanent decline."
At the same time, he said, the world "is awash with gas," most of it far from eager markets, and awaiting LNG`s emergence as "a second global energy business," rivaling oil.
Federal Reserve Chairman Alan Greenspan views LNG as a needed "safety valve" for a U.S. gas market that otherwise faces decades of tight supplies and volatile prices.
Departing Energy Secretary Spencer Abraham foresees trouble for gas users without more LNG. "If we don`t have more LNG terminals ... you`re talking about huge increases in (gas) prices," Abraham said.
According to the American Gas Association, 61 percent of U.S. households, or about 63 million, use natural gas, mostly for heating; the number is growing. In many parts of the country, 90 percent of new homes are fueled by gas, according to the association, which represents gas utilities.
Donald Norman, an economist for the Manufacturers Alliance/MAPI, a private research group, said natural gas prices that have been in the range of $5 to $6 per thousand cubic feet in recent years are already pushing companies to relocate overseas.
If LNG supplies do not materialize as expected, these prices could become permanent or increase, forcing more U.S. businesses to flee abroad for cheaper fuel, Norman said.
A big investment
Higher gas prices - two or three times what they were a few years ago - are the main reason LNG is so popular. Even if gas prices retreat, they probably will be higher than the roughly $3.50 per thousand cubic feet needed to make LNG imports profitable, experts say.
No wonder that some of the energy industry`s heaviest hitters have embraced LNG`s development.
ExxonMobil Corp., which has invested heavily in gas projects in Qatar, has plans for 28 LNG vessels, including supertankers that can carry two-thirds more volume that today`s fleet.
Shell is involved in several LNG import facility projects. ConocoPhillips is part owner of a large new LNG terminal proposed near Freeport, Texas, and is looking to build several more.
Energy companies are expected to pump more than $250 billion into the global LNG business, according to the International Energy Agency. A single LNG "train" - gas production, liquefaction and export facility, tankers and re-gasification plant - can require $4 billion to $6 billion, according to energy executives.
"It`s billions of dollars of investment, and the lead time is five to six years," said Darcel Hulse, president of Sempra LNG. The Sempra Energy subsidiary is spending $1.8 billion on two LNG import terminals and related pipelines in Baja California and in Louisiana.
Until recently, gas producers concerned about wide swings in prices have been reluctant to make such a commitment. Hulse said that is changing. Global suppliers "now are convinced ... we`re running out of natural gas and that there are good opportunities to market stranded gas" in the United States, he said.
How many LNG terminals will be built is anyone`s guess.
"What will ultimately determine the number ... will be the market and the demand for gas," said Mark Robinson, the Federal Energy Regulatory Commission`s director of energy projects.
The commission approves onshore LNG facility permits. The Coast Guard approves offshore facilities, several of which have been proposed.
The commission has promised timely consideration of the dozen LNG permit requests now before it.
Last month, the commission approved what will be the largest LNG import terminal in the country, at Sabine Pass in Cameron County, La. It is capable of handing 2.6 billion cubic feet of gas a day.
Regulators also have approved expansions at the four existing LNG facilities and permits for two other projects - near Freeport, Texas, and Lake Charles, La.
The Mexican government also has approved a new LNG project in Baja California that will serve the U.S. market and Canada has given a permit for one that could serve New England.
None is expected to be completed before 2008.
By H. Josef Hebert
THE ASSOCIATED PRESS
COVE POINT, Md. - Once or twice a week, a tanker unloads millions of gallons of frosty liquid at a terminal on the Chesapeake Bay, bringing to the United States a fuel that many economists believe will help temper energy prices in the coming decades.
For years, liquefied natural gas (LNG) was too expensive. It really was not needed. Even today, there are safety and terrorism worries, exaggerated or not, about shipments of the fuel.
But as growing demand for natural gas outstrips North America`s conventional supplies, many experts view imports of LNG as the only way to head off decades of soaring prices for businesses and the tens of millions of households that rely on the fuel for heat and electricity.
While politicians talk of the need for greater U.S. energy independence, American consumers may rely increasingly on LNG imports from Algeria, Qatar, Russia and elsewhere.
If current trends continue, the United States "by far will be the largest consumer of LNG in the next decade," said Guy Caruso, head of the government`s Energy Information Administration.
"If we don`t have the capacity to bring in the amount of gas we need and domestic supply goes the way we think it will, the clear implication is higher prices," Caruso said.
Nowhere is the emerging global LNG market more evident than on the shores of Chesapeake Bay, 70 miles south of Baltimore.
It was only two years ago that Dominion Resources Inc.`s LNG import terminal, in the shadow of the Cove Point lighthouse, was in mothballs. Its offshore docking platform, able to handle two LNG tankers at a time, sat idle - a monument to a business gone awry.
Now, the platform built in 1974 and shut down in 1981 unloads a tanker full of imported LNG on average every four days. The cold liquid is piped through a 1.2-mile underwater tunnel to four huge storage tanks. Delivered at minus-260 degrees Fahrenheit, the fuel is warmed and turned back into gas, then shipped over pipelines to mid-Atlantic customers.
A larger tank is near completion, and two more tanks are planned. By 2008, the terminal will be able to handle 1.8 billion cubic feet of imported gas daily, more than double today`s volume and enough fuel to serve 6.1 million homes, Dominion spokesman Daniel Donovan said.
LNG import terminals in Louisiana, Georgia and the Boston area also are expanding. Despite community opposition, more than 40 new LNG projects are proposed around the nation. About a dozen probably will be built, according to experts.
LNG imports still account for less than 3 percent of the 61 billion cubic feet of natural gas used every day in the United States. But LNG`s share could grow tenfold in the next 20 years, some analysts predict.
Still, there are concerns about how the fuel is shipped and stored.
LNG cannot explode and is not flammable as a liquid.
But a government study by the Sandia National Laboratory concludes terrorists could blast a large hole into a double-hulled LNG vessel. That would release millions of gallons of fuel that would quickly turn to gas and ignite.
The fire would be so intense that it could cause major injury and burn buildings one-third of a mile away. Within seconds, the fire could give second- degree burns to people who are a mile away.
"The risks of a catastrophic accident ... is a real one. Far too little is known about the vulnerability of LNG terminals and ships to terrorist attacks," said Philip Warburg, president of the Conservation Law Foundation. The group has lobbied against putting LNG terminals in populated areas in the Northeast.
Industry officials say that there has never been a leak of LNG from a double-hull tanker and that protection of LNG shipments has improved since the attacks of Sept. 11, 2001.
Storage tanks, such as those at Cove Point, are designed so burning fuel would be confined within site boundaries, said Donovan, the Dominion spokesman.
Fading production
There is little disagreement about the need to import more LNG.
Traditionally, U.S. demand for natural gas has been met almost entirely from pipeline-accessible fields in the United States and Canada. Experts, however, say wells in the Gulf of Mexico are in decline, Canada`s production will fall off after 2015, and gas fields in the Rocky Mountain states and Alaska will not meet future demand.
By 2025, the United States is expected to need 31 trillion cubic feet of gas a year, a 38-percent increase, but North American supplies by then will be only 24 trillion cubic feet, 11-percent higher, the government says.
The government projects LNG will account for 20 percent of the gas used by 2025. Some private consulting firms and oil industry estimates put the LNG share as high as 30 percent by then.
"We have not been able to increase gas production for a decade," said energy consultant Daniel Yergin, chairman of Cambridge Energy Research Associates. "U.S. gas productive capacity, like oil, is now in permanent decline."
At the same time, he said, the world "is awash with gas," most of it far from eager markets, and awaiting LNG`s emergence as "a second global energy business," rivaling oil.
Federal Reserve Chairman Alan Greenspan views LNG as a needed "safety valve" for a U.S. gas market that otherwise faces decades of tight supplies and volatile prices.
Departing Energy Secretary Spencer Abraham foresees trouble for gas users without more LNG. "If we don`t have more LNG terminals ... you`re talking about huge increases in (gas) prices," Abraham said.
According to the American Gas Association, 61 percent of U.S. households, or about 63 million, use natural gas, mostly for heating; the number is growing. In many parts of the country, 90 percent of new homes are fueled by gas, according to the association, which represents gas utilities.
Donald Norman, an economist for the Manufacturers Alliance/MAPI, a private research group, said natural gas prices that have been in the range of $5 to $6 per thousand cubic feet in recent years are already pushing companies to relocate overseas.
If LNG supplies do not materialize as expected, these prices could become permanent or increase, forcing more U.S. businesses to flee abroad for cheaper fuel, Norman said.
A big investment
Higher gas prices - two or three times what they were a few years ago - are the main reason LNG is so popular. Even if gas prices retreat, they probably will be higher than the roughly $3.50 per thousand cubic feet needed to make LNG imports profitable, experts say.
No wonder that some of the energy industry`s heaviest hitters have embraced LNG`s development.
ExxonMobil Corp., which has invested heavily in gas projects in Qatar, has plans for 28 LNG vessels, including supertankers that can carry two-thirds more volume that today`s fleet.
Shell is involved in several LNG import facility projects. ConocoPhillips is part owner of a large new LNG terminal proposed near Freeport, Texas, and is looking to build several more.
Energy companies are expected to pump more than $250 billion into the global LNG business, according to the International Energy Agency. A single LNG "train" - gas production, liquefaction and export facility, tankers and re-gasification plant - can require $4 billion to $6 billion, according to energy executives.
"It`s billions of dollars of investment, and the lead time is five to six years," said Darcel Hulse, president of Sempra LNG. The Sempra Energy subsidiary is spending $1.8 billion on two LNG import terminals and related pipelines in Baja California and in Louisiana.
Until recently, gas producers concerned about wide swings in prices have been reluctant to make such a commitment. Hulse said that is changing. Global suppliers "now are convinced ... we`re running out of natural gas and that there are good opportunities to market stranded gas" in the United States, he said.
How many LNG terminals will be built is anyone`s guess.
"What will ultimately determine the number ... will be the market and the demand for gas," said Mark Robinson, the Federal Energy Regulatory Commission`s director of energy projects.
The commission approves onshore LNG facility permits. The Coast Guard approves offshore facilities, several of which have been proposed.
The commission has promised timely consideration of the dozen LNG permit requests now before it.
Last month, the commission approved what will be the largest LNG import terminal in the country, at Sabine Pass in Cameron County, La. It is capable of handing 2.6 billion cubic feet of gas a day.
Regulators also have approved expansions at the four existing LNG facilities and permits for two other projects - near Freeport, Texas, and Lake Charles, La.
The Mexican government also has approved a new LNG project in Baja California that will serve the U.S. market and Canada has given a permit for one that could serve New England.
None is expected to be completed before 2008.
Ich bin begeistert. Noch ein LNG-Fan!! 
Ich dachte, ich wäre auf einer einsamen Insel!!
Willkommen im Club!
Ich dachte, ich wäre auf einer einsamen Insel!!
Willkommen im Club!
http://www.bizjournals.com/houston/stories/2005/02/14/newsco…
guter Artikel über die Firma und deren Projekte im Houston Business Journal
guter Artikel über die Firma und deren Projekte im Houston Business Journal
GuruN
Glückwunsch! bist ja schon lange dabei...Respekt!
hier ein auszug aus einer werbe-mail:
...Zuerst müssen Sie wissen, dass flüssiges Erdgas die Haupteinnahmequelle dieses Unternehmens ist. Es ist dessen Spezialität. Die Firma deckt die gesamte Wertschöpfungskette ab - von der primären Ausbeutung bis hin zur Auslieferung des Endproduktes an die Kunden. In diesem Bereich liegt das gesamtes Know-how, und selbst die Insider der Branche wissen das.
Diese Firma wird diejenige sein, die an der Spitze der LNG-Revolution steht.
Und dennoch ist die Aktie so weit unterbewertet, dass Sie immer noch auf einem sehr niedrigen Preisniveau einsteigen können. Und damit überdurchschnittlich hohe Gewinne machen, wenn die Aktie anzieht.
Die Firma hat bereits heute eine Marktkapitalisierung von etwa 18 Milliarden Dollar. Damit ist sie klein genug, um noch kräftig zu wachsen. Aber auch groß genug, um neue Erdgas-Vorkommen auszubeuten.
Das Kurs-Gewinn-Verhältnis beträgt heute solide 14,6. Auf die Aktie erhalten Sie eine Dividende von 1,16 %. Und das sind noch nicht mal alle Aspekte, die dieses Papier so attraktiv machen.
Was die Kennzahlen angeht, lässt dieses Unternehmen den gesamten Rest der Energie-Branche weit hinter sich:
Von überdurchschnittlichem Wachstum über hohe Gewinnmargen, konservativer Bewertung des Anlagevermögens bis hin zu grundsoliden finanziellen Verhältnissen ... und einer schier unglaublichen Rendite. Dazu kommt noch:
Während der letzten fünf Jahre hat diese Firma für jeden Kubikmeter an verkauftem Erdgas 3 neue Kubikmeter entdeckt. Dies ist die so genannte "Ersatzrate", eine sehr wichtige Kennzahl in der LNG-Branche. Und bei dieser Zahl kann keine andere Firma mithalten!
Wie ich schon sagte, diese Firma hat eine optimale Größe. Sie ist groß genug, um riesige Ausbeutungsprojekte voranzubringen. Aber immer noch klein genug, um eine hohe Rendite einzufahren, wenn die Aktie - und die ganze Branche - anfängt, rapide zu steigen...
ist damit CHENIERE ENERGY INC gemeint??? 18 millarden kommen ja genau hin...
mfg B.
Glückwunsch! bist ja schon lange dabei...Respekt!
hier ein auszug aus einer werbe-mail:
...Zuerst müssen Sie wissen, dass flüssiges Erdgas die Haupteinnahmequelle dieses Unternehmens ist. Es ist dessen Spezialität. Die Firma deckt die gesamte Wertschöpfungskette ab - von der primären Ausbeutung bis hin zur Auslieferung des Endproduktes an die Kunden. In diesem Bereich liegt das gesamtes Know-how, und selbst die Insider der Branche wissen das.
Diese Firma wird diejenige sein, die an der Spitze der LNG-Revolution steht.
Und dennoch ist die Aktie so weit unterbewertet, dass Sie immer noch auf einem sehr niedrigen Preisniveau einsteigen können. Und damit überdurchschnittlich hohe Gewinne machen, wenn die Aktie anzieht.
Die Firma hat bereits heute eine Marktkapitalisierung von etwa 18 Milliarden Dollar. Damit ist sie klein genug, um noch kräftig zu wachsen. Aber auch groß genug, um neue Erdgas-Vorkommen auszubeuten.
Das Kurs-Gewinn-Verhältnis beträgt heute solide 14,6. Auf die Aktie erhalten Sie eine Dividende von 1,16 %. Und das sind noch nicht mal alle Aspekte, die dieses Papier so attraktiv machen.
Was die Kennzahlen angeht, lässt dieses Unternehmen den gesamten Rest der Energie-Branche weit hinter sich:
Von überdurchschnittlichem Wachstum über hohe Gewinnmargen, konservativer Bewertung des Anlagevermögens bis hin zu grundsoliden finanziellen Verhältnissen ... und einer schier unglaublichen Rendite. Dazu kommt noch:
Während der letzten fünf Jahre hat diese Firma für jeden Kubikmeter an verkauftem Erdgas 3 neue Kubikmeter entdeckt. Dies ist die so genannte "Ersatzrate", eine sehr wichtige Kennzahl in der LNG-Branche. Und bei dieser Zahl kann keine andere Firma mithalten!
Wie ich schon sagte, diese Firma hat eine optimale Größe. Sie ist groß genug, um riesige Ausbeutungsprojekte voranzubringen. Aber immer noch klein genug, um eine hohe Rendite einzufahren, wenn die Aktie - und die ganze Branche - anfängt, rapide zu steigen...
ist damit CHENIERE ENERGY INC gemeint??? 18 millarden kommen ja genau hin...
mfg B.
ist ja interessant, ich lese das erste mal von LNG..
war bis jetzt nur in der ölbranche investiert
kompliment gurun, hast damals gut recherchiert!
madi
war bis jetzt nur in der ölbranche investiert
kompliment gurun, hast damals gut recherchiert!
madi
Hallo GuruN
Tolle Firma, die Du gefunden hast. Bin leider zu spät auf diesen Thread aufmerksam geworden. Gibt es auf diesem Sektor noch andere Firmen, die die Kursentwicklung wie Cheniere möglicherweise noch vor sich haben ?
Gruß Looe
Tolle Firma, die Du gefunden hast. Bin leider zu spät auf diesen Thread aufmerksam geworden. Gibt es auf diesem Sektor noch andere Firmen, die die Kursentwicklung wie Cheniere möglicherweise noch vor sich haben ?
Gruß Looe
Im Moment sieht der Chart kritisch aus. Wäre mit Neueinstieg sehr vorsichtig, eher Gewinne mitnehmen bzw. Verluste reduzieren.
Die Story noch lange nicht am Ende, deshalb auf günstigen Neueinstieg warten.
Die Story noch lange nicht am Ende, deshalb auf günstigen Neueinstieg warten.
jetzt bei 58,50 USD
schaut Euch mal Contango (MCF:AMEX) an - könnte der nächste Runner in diesem Sektor werden.
Glückwünsche an den Threaderöffner - gut den Trend erkannt; habe zwar vom 1. Posting an mitgelesen, mich aber nicht so richtig getraut. Immerhin gut zu wissen, dass es geklappt hat.
Art
Glückwünsche an den Threaderöffner - gut den Trend erkannt; habe zwar vom 1. Posting an mitgelesen, mich aber nicht so richtig getraut. Immerhin gut zu wissen, dass es geklappt hat.
Art
@ art
Chart sieht super aus... hast Du mehr Infos zu Contango?
Chart sieht super aus... hast Du mehr Infos zu Contango?
Ziehe meine Frage zurück... bin schon kräftig am Lesen!
Die flüssige Zukunft der Energie
von Dan Denning, Investor`s Daily 19.7.05
In den späten Neunzigern berichtete die Japan Times, dass Beijing (Peking) verschiedenen chinesischen Firmen die Erlaubnis gegeben habe, Erdgasforschungen im östlichen chinesischen Meer durchzuführen, in einer Gegend, von der die Japaner lange meinten, dass sie dort das alleinige Wirtschaftsrecht hätten. Die Chinesen haben auch den russischen Präsidenten Putin unter Druck gesetzt, dass er mit dem Projekt einer 18 Milliarden Dollar teuren und 3.000 Meilen langen Gaspipeline fortfahren soll, die von den russischen Kovykta Feldern im östlichen Sibirien bis in die chinesischen Raffinerien im Süden verläuft.
Die Chinesen haben auch einer 1.500 Meilen Verbindung zum westlichen Sibirien auf die Sprünge geholfen. In der Zwischenzeit drängt Japan auf eine Verbindung von Wladiwostok durch die Japanische See. Der Hauptpreis wurde dabei nicht erwähnt, 18 Billionen Kubikfuß von Erdgas, das sich vor der Küste der russischen Sakhalin Inseln befinden. Diese Insel war zur Zeit von Zar Alexander eine brutale und weit abgelegene Gefängnisinsel. Auch hat der russische Poet und Autor Anton Tschechow diese Insel im Jahr 1890 besucht.
Nach seinem Besuch schrieb er in einem Brief: "Die Welt Gottes ist gut. Es sind nur wir, die schlecht sind ... Man muss arbeiten, alles andere: zur Hölle damit. Wirklich wichtig ist nur, dass wir gerecht sind und alles andere wird sich dann schon von selber ergeben."
"Alles andere kommt jetzt von den Sakhalin Inseln, ob nun von einem gerechten Gott, oder nicht. Die Insel ist die Muttermine für Energie für die gesamte Region – ein Fund, der mit Alaskas Nordhang konkurriert – und die Sorte von Rohstoffquelle, die, wenn man sie anständig in Schwung brächte, den Energiebedarf der Region über Jahrzehnte decken könnte. Es kommt sehr stark darauf an, weil die Länder im nordöstlichen Asien schon jetzt durch Unterbrechungen des Ölflusses aus dem Persischen Golf verletzbar sind.
China, Südkorea und Japan sind schon jetzt die größten Ölimporteure der Welt. Es ist eine sehr kostbare Lebenszeit der Energie, die sehr schnell beendet werden könnte. Entweder an der Straße von Hormuz oder an einer anderen Knackstelle, der Malakkastraße.
Wie will ein Land wie Südkorea seine Wirtschaft, die von Exporten angetrieben wird, am Laufen halten, ohne bei den steigenden Ölpreisen dumm da zu stehen. Die Antwort kennt niemand. Aber andauernde Entwicklungen der Infrastruktur – durch Firmen wie KEPCO – werden dabei helfen. Eine weitere Antwort hat vielleicht mit Flüssigerdgas zu tun.
Dies ist das goldene Zeitalter für Energie und Ölinvestitionen. Entweder ist es das, oder es ist die Dämmerung, die in Öl- und Rohstoffkriegen endet. Aber ich ziehe es vor, die Sache von der guten Seite zu betrachten. Im Moment ist diese Seite auf dem Öl- und Gasmarkt allerdings nicht im Vordergrund. Andauernde Unterbrechungen beim Angebot – ob durch Terroranschläge oder weil göttliche Fügung dazu geführt hat, dass das traditionelle Verhältnis von Angebot und Nachfrage verändert wurde, während die lange Selbstzufriedenheit Amerikas gegenüber den Öl- und Gasvorräten verschleiert wird. Die Unsicherheit hat die Oberhand gewonnen.
Aber unter den unsicheren Bedingungen in unserer veränderten öl-politischen Welt, wird das Flüssiggas (LNG) bestimmt eine herausragende Rolle einnehmen. So weit ich das überblicke, gibt es zwei nennenswerte Möglichkeiten im Bereich von LNG: Der Bau von Terminals und die Konstruktion von Tankern. Nachdem es nicht unwahrscheinlich ist, dass der Bedarf an Flüssiggas bis 2010 von 120 Millionen Tonnen 2003 auf 200 Millionen Tonnen ansteigt und bis 2020 auf 315 Tonnen (laut Schätzungen der Internationalen Energiebehörde), ist es nur noch eine Frage der richtigen Mischung der Investitionen. Aber zuerst einige Hintergrundinformationen über den LNG Markt: Der exzellente `Plunkett`s Energy Industry Almanac` von 2005 liefert Einsichten:
"Eine Entwicklung, die sich aus den höheren Energiepreisniveaus und der gesteigerten Nachfrage ergab, ist ein ernstes amerikanisches Interesse daran, die Nachfrage durch LNG zu decken. Jedoch werden die Probleme, die beim Transport besonders zu beachten sind, dazu führen, dass große Kapitalauslagen fällig werden, ehe größere Quantitäten verfügbar sind. Das wird auch viel Zeit kosten. LNG verlangt besonderen Umgang und besondere Transportbedingungen. Zuerst muss das Gas auf minus 260 Grad Fahrenheit heruntergekühlt werden, damit es in den flüssigen Zustand übergeht. Dann muss es in spezielle Schiffe verladen werden, bei denen besondere Isolierung und Kühlung die kalte Temperatur beibehalten. Dann wird es an speziellen Entladeterminals entladen, wo es in einen Zustand gebracht wird, der die Verteilung über Pipelines erlaubt.
Es sind wirklich sehr spezielle Schiffe. Bis Oktober 2003 gab es nur 151 geeignete Schiffe. Und das ist kein Wunder. Wegen der rigorosen Spezifikationen liegen die Durchschnittskosten für einen Tanker mit einem Volumen von 138.000 Kubikmetern bei 160 Millionen Dollar. Das ist fast doppelt so teuer wie ein Rohöltanker, der die vier oder fünffache Menge an Energie transportieren könnte.
Trotz der Kosten und dem scheinbar ungünstigen Vergleich zur Wirtschaftlichkeit eines Öltankers, waren im letzen Jahr 55 solcher Tanker im Bau befindlich. LNG Shipping Solutions weist darauf hin, dass diese Schiffe die Kapazitäten der Flotte um 44 Prozent steigern werden.
Aber selbst mit dieser gesteigerten Kapazität, sagt Plunkett, würde die Nachfrage noch so sehr steigen, dass die Unternehmen, die in Bezug zu LNG stehen, einen zweiten Blick wert sind. Plunkett fährt fort:
"Eine Analyse, die Ende 2003 vom National Petroleum Council durchgeführt wurde, hat vorausgesagt, dass die USA bis 2025 14 Prozent des Erdgasbedarfs über LNG Importe abdecken wollen, wenn die notwendige Infrastruktur bis dahin gebaut ist. Darunter auch sieben neue Entladestellen. LNG aus weit entfernten Ländern zu transportieren, bedeutet eine massive finanzielle und technische Herausforderung. Eines der größten Probleme in Amerika ist der Mangel an geeigneten Terminals, um das Öl entgegenzunehmen.
Kalifornien erlebt schon heute den Kampf zwischen denen, die die Vorteile des billigen Naturgases sehen und denen, die keine LNG Terminals vor der Küste haben wollen. Aber nehmen wir nur für den Moment einmal an, dass die Interessen nach günstiger Energie die Oberhand gewinnen. Wer wird all diese neuen Terminals bauen? Und wer wird die Schiffe bauen, die das LNG von den reichen Gasfeldern der Welt zu den hungrigen Energiemärkten in Amerika und Asien bringen?
Plunkett: "Das LNG-Geschäft boomt schon heute. Das Wachstum wird andauern, während die Ölfirmen und die Ölländer die Vorzüge bemerken, die es mit sich bringt, Gas in flüssiger Form zu transportieren. Die LNG Technologie entwickelt sich rasant und die Kosten für den Transport sinken. Die Verschiffung und der Umgang mit dem Gas werden immer wettbewerbfähiger, wenn mehr Schiffe den Betrieb aufnehmen werden und große Mengen von LNG die Preise für Erdöl auf dem Markt stabilisieren oder sogar in den Keller treiben."
"Ebenso sind auch viele Märkte außerhalb Amerikas wichtige Ziele für LNG Importe, darunter China und Indien. Japan ist schon heute ein wichtiger Importeur von LNG. Die Vereinigten Staaten besitzen riesige Quantitäten von Erdgas in Gegenden, die im Moment noch nicht ausgenutzt werden können. Geologische Untersuchungen haben geschätzt, dass es unter der Erdoberfläche noch 1.400 Billionen Kubikmeter von förderbarem Erdgas gibt, was genug Energie für Jahrzehnte bereitstellen würde (das meiste von diesem Gas liegt im Rocky Mountain Becken und vor der Ost- und Westküste). Unter den geltenden Reglements kann an diesen Stellen nicht gebohrt werden.
"Ökologische und reglementierende Bedenken werden vielleicht dazu führen, dass ein Großteil dieses Gases niemals produziert werden wird. Es sei denn ökonomischen Imperative greifen ein. Auf mittelfristige Sicht wird die Nachfrage nach Gas hoch bleiben, und auch die Preise werden hoch bleiben.
Die großen Öl- und Gasfirmen fangen gerade erst damit an, LNG Terminals zu entwickeln und mit Gasfeldern auf der gesamten Welt, liegen im LNG Verschiffungsbereich eine Reihe guter Möglichkeiten. Das bringt uns direkt nach Südkorea, welches das große Glück hat, im Herzen einer der geschäftigsten Regionen der Welt zu liegen. Dort gibt es auch einige der erfolgreichsten LNG-Schiffsbauer der Welt.
Es ist kompliziert, solche Schiffe zu bauen. Wenn man z.B. verflüssigtes LNG in einen Stahltanker füllte, dann würde dieser wie Glas in Scherben zerbrechen. LNG Schiffe werden aus Materialien hergestellt, die die Kälte des Gases aushalten können. Dazu gehören dickes Aluminium, Nickelstahl und Balsaholz für die Isolierung. Es ist eine Kunst, in der die Südkoreaner Meisterschaft erreicht haben. Und Sie dürfen damit rechnen, dass die Schiffsbauer in Südkorea ganz nett davon profitieren.
Während sich die Petro-politische Karte der Welt entfaltet, werde ich ein Auge auf LNG haben.
von Dan Denning, Investor`s Daily 19.7.05
In den späten Neunzigern berichtete die Japan Times, dass Beijing (Peking) verschiedenen chinesischen Firmen die Erlaubnis gegeben habe, Erdgasforschungen im östlichen chinesischen Meer durchzuführen, in einer Gegend, von der die Japaner lange meinten, dass sie dort das alleinige Wirtschaftsrecht hätten. Die Chinesen haben auch den russischen Präsidenten Putin unter Druck gesetzt, dass er mit dem Projekt einer 18 Milliarden Dollar teuren und 3.000 Meilen langen Gaspipeline fortfahren soll, die von den russischen Kovykta Feldern im östlichen Sibirien bis in die chinesischen Raffinerien im Süden verläuft.
Die Chinesen haben auch einer 1.500 Meilen Verbindung zum westlichen Sibirien auf die Sprünge geholfen. In der Zwischenzeit drängt Japan auf eine Verbindung von Wladiwostok durch die Japanische See. Der Hauptpreis wurde dabei nicht erwähnt, 18 Billionen Kubikfuß von Erdgas, das sich vor der Küste der russischen Sakhalin Inseln befinden. Diese Insel war zur Zeit von Zar Alexander eine brutale und weit abgelegene Gefängnisinsel. Auch hat der russische Poet und Autor Anton Tschechow diese Insel im Jahr 1890 besucht.
Nach seinem Besuch schrieb er in einem Brief: "Die Welt Gottes ist gut. Es sind nur wir, die schlecht sind ... Man muss arbeiten, alles andere: zur Hölle damit. Wirklich wichtig ist nur, dass wir gerecht sind und alles andere wird sich dann schon von selber ergeben."
"Alles andere kommt jetzt von den Sakhalin Inseln, ob nun von einem gerechten Gott, oder nicht. Die Insel ist die Muttermine für Energie für die gesamte Region – ein Fund, der mit Alaskas Nordhang konkurriert – und die Sorte von Rohstoffquelle, die, wenn man sie anständig in Schwung brächte, den Energiebedarf der Region über Jahrzehnte decken könnte. Es kommt sehr stark darauf an, weil die Länder im nordöstlichen Asien schon jetzt durch Unterbrechungen des Ölflusses aus dem Persischen Golf verletzbar sind.
China, Südkorea und Japan sind schon jetzt die größten Ölimporteure der Welt. Es ist eine sehr kostbare Lebenszeit der Energie, die sehr schnell beendet werden könnte. Entweder an der Straße von Hormuz oder an einer anderen Knackstelle, der Malakkastraße.
Wie will ein Land wie Südkorea seine Wirtschaft, die von Exporten angetrieben wird, am Laufen halten, ohne bei den steigenden Ölpreisen dumm da zu stehen. Die Antwort kennt niemand. Aber andauernde Entwicklungen der Infrastruktur – durch Firmen wie KEPCO – werden dabei helfen. Eine weitere Antwort hat vielleicht mit Flüssigerdgas zu tun.
Dies ist das goldene Zeitalter für Energie und Ölinvestitionen. Entweder ist es das, oder es ist die Dämmerung, die in Öl- und Rohstoffkriegen endet. Aber ich ziehe es vor, die Sache von der guten Seite zu betrachten. Im Moment ist diese Seite auf dem Öl- und Gasmarkt allerdings nicht im Vordergrund. Andauernde Unterbrechungen beim Angebot – ob durch Terroranschläge oder weil göttliche Fügung dazu geführt hat, dass das traditionelle Verhältnis von Angebot und Nachfrage verändert wurde, während die lange Selbstzufriedenheit Amerikas gegenüber den Öl- und Gasvorräten verschleiert wird. Die Unsicherheit hat die Oberhand gewonnen.
Aber unter den unsicheren Bedingungen in unserer veränderten öl-politischen Welt, wird das Flüssiggas (LNG) bestimmt eine herausragende Rolle einnehmen. So weit ich das überblicke, gibt es zwei nennenswerte Möglichkeiten im Bereich von LNG: Der Bau von Terminals und die Konstruktion von Tankern. Nachdem es nicht unwahrscheinlich ist, dass der Bedarf an Flüssiggas bis 2010 von 120 Millionen Tonnen 2003 auf 200 Millionen Tonnen ansteigt und bis 2020 auf 315 Tonnen (laut Schätzungen der Internationalen Energiebehörde), ist es nur noch eine Frage der richtigen Mischung der Investitionen. Aber zuerst einige Hintergrundinformationen über den LNG Markt: Der exzellente `Plunkett`s Energy Industry Almanac` von 2005 liefert Einsichten:
"Eine Entwicklung, die sich aus den höheren Energiepreisniveaus und der gesteigerten Nachfrage ergab, ist ein ernstes amerikanisches Interesse daran, die Nachfrage durch LNG zu decken. Jedoch werden die Probleme, die beim Transport besonders zu beachten sind, dazu führen, dass große Kapitalauslagen fällig werden, ehe größere Quantitäten verfügbar sind. Das wird auch viel Zeit kosten. LNG verlangt besonderen Umgang und besondere Transportbedingungen. Zuerst muss das Gas auf minus 260 Grad Fahrenheit heruntergekühlt werden, damit es in den flüssigen Zustand übergeht. Dann muss es in spezielle Schiffe verladen werden, bei denen besondere Isolierung und Kühlung die kalte Temperatur beibehalten. Dann wird es an speziellen Entladeterminals entladen, wo es in einen Zustand gebracht wird, der die Verteilung über Pipelines erlaubt.
Es sind wirklich sehr spezielle Schiffe. Bis Oktober 2003 gab es nur 151 geeignete Schiffe. Und das ist kein Wunder. Wegen der rigorosen Spezifikationen liegen die Durchschnittskosten für einen Tanker mit einem Volumen von 138.000 Kubikmetern bei 160 Millionen Dollar. Das ist fast doppelt so teuer wie ein Rohöltanker, der die vier oder fünffache Menge an Energie transportieren könnte.
Trotz der Kosten und dem scheinbar ungünstigen Vergleich zur Wirtschaftlichkeit eines Öltankers, waren im letzen Jahr 55 solcher Tanker im Bau befindlich. LNG Shipping Solutions weist darauf hin, dass diese Schiffe die Kapazitäten der Flotte um 44 Prozent steigern werden.
Aber selbst mit dieser gesteigerten Kapazität, sagt Plunkett, würde die Nachfrage noch so sehr steigen, dass die Unternehmen, die in Bezug zu LNG stehen, einen zweiten Blick wert sind. Plunkett fährt fort:
"Eine Analyse, die Ende 2003 vom National Petroleum Council durchgeführt wurde, hat vorausgesagt, dass die USA bis 2025 14 Prozent des Erdgasbedarfs über LNG Importe abdecken wollen, wenn die notwendige Infrastruktur bis dahin gebaut ist. Darunter auch sieben neue Entladestellen. LNG aus weit entfernten Ländern zu transportieren, bedeutet eine massive finanzielle und technische Herausforderung. Eines der größten Probleme in Amerika ist der Mangel an geeigneten Terminals, um das Öl entgegenzunehmen.
Kalifornien erlebt schon heute den Kampf zwischen denen, die die Vorteile des billigen Naturgases sehen und denen, die keine LNG Terminals vor der Küste haben wollen. Aber nehmen wir nur für den Moment einmal an, dass die Interessen nach günstiger Energie die Oberhand gewinnen. Wer wird all diese neuen Terminals bauen? Und wer wird die Schiffe bauen, die das LNG von den reichen Gasfeldern der Welt zu den hungrigen Energiemärkten in Amerika und Asien bringen?
Plunkett: "Das LNG-Geschäft boomt schon heute. Das Wachstum wird andauern, während die Ölfirmen und die Ölländer die Vorzüge bemerken, die es mit sich bringt, Gas in flüssiger Form zu transportieren. Die LNG Technologie entwickelt sich rasant und die Kosten für den Transport sinken. Die Verschiffung und der Umgang mit dem Gas werden immer wettbewerbfähiger, wenn mehr Schiffe den Betrieb aufnehmen werden und große Mengen von LNG die Preise für Erdöl auf dem Markt stabilisieren oder sogar in den Keller treiben."
"Ebenso sind auch viele Märkte außerhalb Amerikas wichtige Ziele für LNG Importe, darunter China und Indien. Japan ist schon heute ein wichtiger Importeur von LNG. Die Vereinigten Staaten besitzen riesige Quantitäten von Erdgas in Gegenden, die im Moment noch nicht ausgenutzt werden können. Geologische Untersuchungen haben geschätzt, dass es unter der Erdoberfläche noch 1.400 Billionen Kubikmeter von förderbarem Erdgas gibt, was genug Energie für Jahrzehnte bereitstellen würde (das meiste von diesem Gas liegt im Rocky Mountain Becken und vor der Ost- und Westküste). Unter den geltenden Reglements kann an diesen Stellen nicht gebohrt werden.
"Ökologische und reglementierende Bedenken werden vielleicht dazu führen, dass ein Großteil dieses Gases niemals produziert werden wird. Es sei denn ökonomischen Imperative greifen ein. Auf mittelfristige Sicht wird die Nachfrage nach Gas hoch bleiben, und auch die Preise werden hoch bleiben.
Die großen Öl- und Gasfirmen fangen gerade erst damit an, LNG Terminals zu entwickeln und mit Gasfeldern auf der gesamten Welt, liegen im LNG Verschiffungsbereich eine Reihe guter Möglichkeiten. Das bringt uns direkt nach Südkorea, welches das große Glück hat, im Herzen einer der geschäftigsten Regionen der Welt zu liegen. Dort gibt es auch einige der erfolgreichsten LNG-Schiffsbauer der Welt.
Es ist kompliziert, solche Schiffe zu bauen. Wenn man z.B. verflüssigtes LNG in einen Stahltanker füllte, dann würde dieser wie Glas in Scherben zerbrechen. LNG Schiffe werden aus Materialien hergestellt, die die Kälte des Gases aushalten können. Dazu gehören dickes Aluminium, Nickelstahl und Balsaholz für die Isolierung. Es ist eine Kunst, in der die Südkoreaner Meisterschaft erreicht haben. Und Sie dürfen damit rechnen, dass die Schiffsbauer in Südkorea ganz nett davon profitieren.
Während sich die Petro-politische Karte der Welt entfaltet, werde ich ein Auge auf LNG haben.
Delivering Fuel for the Future
http://www.rigzone.com/news/article.asp?a_id=24062
by Lynn J. Cook, Houston Chronicle, Tuesday, July 26, 2005
DELIVERING FUEL FOR THE FUTURE: Natural gas consumption in the United States is on the rise, while domestic production is plateauing.
And chances are Canada, which supplies 17 percent of the country`s gas through pipelines, won`t be able to sustain its exports.
Houston Chronicle reporter Lynn J. Cook talked with Ann Pickard, Shell Gas & Power`s executive vice president for global LNG and strategy, to discuss
the future of bringing liquefied natural gas to the U.S.
QUESTION: Why is LNG finally becoming a reality outside of Asia?
ANSWER: Paradoxically, it`s because of Asia. Demand in the East affects supply in the West.
The International Energy Agency is predicting 60 percent growth in energy between now and 2030. It`s driven by the population. Obviously power`s a key component of growth, but population growth will go from 6 to 8 billion in that time period. And a large amount of that growth will be in emerging economies. All you have to do is look at the last five years in China, where demand has increased by 50 percent. You can see how probably two-thirds of that growth will be coming out of those emerging economies.
Cambridge Energy Research Associates is quoting numbers which are equivalent growth for India as we see in China, where we`ve got our first LNG terminal that just took its first cargo at the end of April. So we`re starting to see that demand in India. And then of course our first LNG in China will be arriving in another couple of years. That will be coming from Australia, one of our joint ventures.
Q: What`s the most striking part of LNG right now?
A: The price of LNG. Right now there`s three separate prices. The European price linked to Brent crude, the Japan Crude Cocktail price in Asia and Henry Hub in North America. I think what we`ll start seeing is a much more interconnectedness of price. Not a global price, but I see a time when a ship coming out of the Suez Canal will have a choice of whether to go to Europe or go to North America depending on where prices are.
Obviously, there are commitments and contracts you have to fulfill. But I can see there will be more and more arbitrage opportunities. It`s harder in Asia now. But with Shell and Sempra building the new Baja terminal in Mexico that`s under construction, and will be completed in 2007, you`ll start seeing a little more global opportunity as well in Asia.
Q: Why are those arbitrage opportunities harder in Asia?
A: It`s distances. That`s all. Asia is the heart of the traditional LNG business. They`ve been doing this a long time. The Brunei story is a wonderful one. It`s been shipping between Brunei and Tokyo Bay for, what, 31 years now? So it`s a much more traditional, long-term-contract, big-customer situation. Asia`s so important to us and will continue to be important, but it`s based on much more traditional positions.
Now, with Baja opening up, there will be an opportunity to bring Asia-Pacific LNG to North America. That, to me, is one of the neatest things Shell has done. And that`s probably what differentiates us.
Q: What do you think LNG`s biggest hurdle is?
A: If you talked to me a year ago I would have said my No. 1 concern about LNG supply versus demand is: Would the terminals be permitted in the U.S., period? You know, besides the four original ones. Now, in the last eight, nine months, it`s become clear the U.S. will permit, particularly in the Gulf region.
I think the real test will be what will happen in California and the Northeast. We`re not trying anything in California. There are others trying. We`re very happy with our Baja position. But, of course, in the Northeast we`ve got Cove Point and Elba Island expansions and we are starting the cycle for a new terminal, Broadwater, on Long Island Sound.
Q: How`s that going?
A: I`m sure there`s going to be lots of noise as we go through this process. We`re sitting down with a lot of stakeholders before we even go after permits because we care about what their concerns are. But it`s in the Sound.
It`s really fairly distant from population centers. It will, when it`s up and running, provide 20 to 25 percent of the region`s energy. I still remember those pictures of New York going dark a few years ago, and Broadwater is an incredibly important diversification option for this region.
http://www.rigzone.com/news/article.asp?a_id=24062
by Lynn J. Cook, Houston Chronicle, Tuesday, July 26, 2005
DELIVERING FUEL FOR THE FUTURE: Natural gas consumption in the United States is on the rise, while domestic production is plateauing.
And chances are Canada, which supplies 17 percent of the country`s gas through pipelines, won`t be able to sustain its exports.
Houston Chronicle reporter Lynn J. Cook talked with Ann Pickard, Shell Gas & Power`s executive vice president for global LNG and strategy, to discuss
the future of bringing liquefied natural gas to the U.S.
QUESTION: Why is LNG finally becoming a reality outside of Asia?
ANSWER: Paradoxically, it`s because of Asia. Demand in the East affects supply in the West.
The International Energy Agency is predicting 60 percent growth in energy between now and 2030. It`s driven by the population. Obviously power`s a key component of growth, but population growth will go from 6 to 8 billion in that time period. And a large amount of that growth will be in emerging economies. All you have to do is look at the last five years in China, where demand has increased by 50 percent. You can see how probably two-thirds of that growth will be coming out of those emerging economies.
Cambridge Energy Research Associates is quoting numbers which are equivalent growth for India as we see in China, where we`ve got our first LNG terminal that just took its first cargo at the end of April. So we`re starting to see that demand in India. And then of course our first LNG in China will be arriving in another couple of years. That will be coming from Australia, one of our joint ventures.
Q: What`s the most striking part of LNG right now?
A: The price of LNG. Right now there`s three separate prices. The European price linked to Brent crude, the Japan Crude Cocktail price in Asia and Henry Hub in North America. I think what we`ll start seeing is a much more interconnectedness of price. Not a global price, but I see a time when a ship coming out of the Suez Canal will have a choice of whether to go to Europe or go to North America depending on where prices are.
Obviously, there are commitments and contracts you have to fulfill. But I can see there will be more and more arbitrage opportunities. It`s harder in Asia now. But with Shell and Sempra building the new Baja terminal in Mexico that`s under construction, and will be completed in 2007, you`ll start seeing a little more global opportunity as well in Asia.
Q: Why are those arbitrage opportunities harder in Asia?
A: It`s distances. That`s all. Asia is the heart of the traditional LNG business. They`ve been doing this a long time. The Brunei story is a wonderful one. It`s been shipping between Brunei and Tokyo Bay for, what, 31 years now? So it`s a much more traditional, long-term-contract, big-customer situation. Asia`s so important to us and will continue to be important, but it`s based on much more traditional positions.
Now, with Baja opening up, there will be an opportunity to bring Asia-Pacific LNG to North America. That, to me, is one of the neatest things Shell has done. And that`s probably what differentiates us.
Q: What do you think LNG`s biggest hurdle is?
A: If you talked to me a year ago I would have said my No. 1 concern about LNG supply versus demand is: Would the terminals be permitted in the U.S., period? You know, besides the four original ones. Now, in the last eight, nine months, it`s become clear the U.S. will permit, particularly in the Gulf region.
I think the real test will be what will happen in California and the Northeast. We`re not trying anything in California. There are others trying. We`re very happy with our Baja position. But, of course, in the Northeast we`ve got Cove Point and Elba Island expansions and we are starting the cycle for a new terminal, Broadwater, on Long Island Sound.
Q: How`s that going?
A: I`m sure there`s going to be lots of noise as we go through this process. We`re sitting down with a lot of stakeholders before we even go after permits because we care about what their concerns are. But it`s in the Sound.
It`s really fairly distant from population centers. It will, when it`s up and running, provide 20 to 25 percent of the region`s energy. I still remember those pictures of New York going dark a few years ago, and Broadwater is an incredibly important diversification option for this region.
LNG nimmt wieder gut Fahrt auf.
Die Konsolidierung scheint vorbei.
Die Konsolidierung scheint vorbei.
... und keiner kriegt`s mit!!
Ich verfolge es seit wenigen Wochen.
@GuruN
Hast Du etwas über Reserven, Technik und vor allem in finanzieller Hinsicht beizutragen?
(Eigenkapital, Verschuldung, Eigenkap.Rendite etc)
Wäre schön, wenn hier etwas mehr deutsch geschrieben würde
R.R.
(ich habe die Feststellung gemacht, je mehr Fremdwörter in einem Thread vorkommen, desto weniger wird er auch beachtet, da kann der Kurs noch so abgehen
. Die Leute wollen Geschichten in ihrer Muttersprache lesen, egal ob sie stimmen oder nicht)
@GuruN
Hast Du etwas über Reserven, Technik und vor allem in finanzieller Hinsicht beizutragen?
(Eigenkapital, Verschuldung, Eigenkap.Rendite etc)
Wäre schön, wenn hier etwas mehr deutsch geschrieben würde
R.R.
(ich habe die Feststellung gemacht, je mehr Fremdwörter in einem Thread vorkommen, desto weniger wird er auch beachtet, da kann der Kurs noch so abgehen
. Die Leute wollen Geschichten in ihrer Muttersprache lesen, egal ob sie stimmen oder nicht)
Mr. Ripley
Hast ja recht, deutsch ist unsere Muttersprache. Aber hab bitte Verständnis, dass ich diese Texte nicht übersetzen kann.
Hier eine gute Zusammenfassung zu dem Wert:
Buoyant At Cheniere
Friday October 7, 4:57 pm ET
By Gene G. Marcial
As oil prices spurt up, liquefied natural gas will probably take a growing share of the energy market in the years ahead. So say some pros now investing in LNG. The only U.S. pure play is Houston`s Cheniere Energy (AMEX:LNG - News), whose shares trade on the American Stock Exchange with the ticker symbol LNG. Cheniere is currently building three "regasification" terminals in Louisiana and Texas, with the capacity to transform cheap imported LNG back to natural gas. Chevron (NYSE:CVX - News) and Total (NYSE:TOT - News) have already contracted with Cheniere to treat LNG that they will buy abroad when these terminals start operations in 2008. A fourth Cheniere facility is still awaiting government approval. Cheniere shares have soared -- from 25 in May to 39 now. William Harnisch, CEO of hedge fund Peconic Partners, which owns a 1.5% stake and invests heavily in energy, says Cheniere is "way ahead of the curve in gearing up for the jump in demand for liquefied natural gas in the years ahead." He figures the shares will hit 100 in two years, in light of projected revenues and earnings before interest and taxes. His forecast, however, is based on natural gas priced at a conservative $4 per 1,000 cubic feet, vs. today`s perhaps unsustainable $14. Samuel Brothwell of Wachovia Securities (NYSE:WB - News), who rates Cheniere "outperform," says "LNG is essential to keep pace with the fast rise in demand for gas." He sees Cheniere making money in 2008. Phillips Johnston of JPMorgan Securities (NYSE:JPM - News), which has done banking for Cheniere, rates the stock "overweight." He sees Cheniere earning 84 cents a share and having cash flow of $2.26 a share in 2008. Johnston predicts that "imports of LNG will expand substantially in the coming 10 to 15 years."
Hast ja recht, deutsch ist unsere Muttersprache. Aber hab bitte Verständnis, dass ich diese Texte nicht übersetzen kann.
Hier eine gute Zusammenfassung zu dem Wert:
Buoyant At Cheniere
Friday October 7, 4:57 pm ET
By Gene G. Marcial
As oil prices spurt up, liquefied natural gas will probably take a growing share of the energy market in the years ahead. So say some pros now investing in LNG. The only U.S. pure play is Houston`s Cheniere Energy (AMEX:LNG - News), whose shares trade on the American Stock Exchange with the ticker symbol LNG. Cheniere is currently building three "regasification" terminals in Louisiana and Texas, with the capacity to transform cheap imported LNG back to natural gas. Chevron (NYSE:CVX - News) and Total (NYSE:TOT - News) have already contracted with Cheniere to treat LNG that they will buy abroad when these terminals start operations in 2008. A fourth Cheniere facility is still awaiting government approval. Cheniere shares have soared -- from 25 in May to 39 now. William Harnisch, CEO of hedge fund Peconic Partners, which owns a 1.5% stake and invests heavily in energy, says Cheniere is "way ahead of the curve in gearing up for the jump in demand for liquefied natural gas in the years ahead." He figures the shares will hit 100 in two years, in light of projected revenues and earnings before interest and taxes. His forecast, however, is based on natural gas priced at a conservative $4 per 1,000 cubic feet, vs. today`s perhaps unsustainable $14. Samuel Brothwell of Wachovia Securities (NYSE:WB - News), who rates Cheniere "outperform," says "LNG is essential to keep pace with the fast rise in demand for gas." He sees Cheniere making money in 2008. Phillips Johnston of JPMorgan Securities (NYSE:JPM - News), which has done banking for Cheniere, rates the stock "overweight." He sees Cheniere earning 84 cents a share and having cash flow of $2.26 a share in 2008. Johnston predicts that "imports of LNG will expand substantially in the coming 10 to 15 years."
Leider ist meine einzige `Fremdspache ´hochdeutsch.(Bin Schwabe)Und längst im Rentenalter.Meine Minirente schenke ich dem Staat,weil ich mit meiner kleinen Firma zuviel Geld verdiene ?!Deshalb beschäftige ich mich mit Trendaktien.Damit will ich die versäumte Altersvorsorge doch noch sichern.Und deshalb habe ich immer wieder ausländische Aktien in meiner Beobachtungsliste.Ich werde CHENIERE ENERGY nach Beendigung der Korrektur wahrscheinlich kaufen und würde mich freuen wenn ich auch deutsche Kommentare dazu lesen könnte.
Danke GuruN
Übrigens hat ein Kapitalgeber namens Luxor Capital seine größte Position in Cheniere,
neben einigen anderen meist gut gelaufenen Werten.
Die Cheniere-Position beläuft sich auf einen Portfolio-Wert von inzwischen ca 80Mio USD.
Wenn Luxor schon länger dabei ist müssen sie einen guten Riecher gehabt haben.
(Eine guten Riecher werden sie wohl auch mit Palladon Ventures(PLL) haben, einem in bzw. unmittelbar vor der Produktion befindlichen Eisenproduzent aus Kanada.)
Ich denke, Luxors Aktivitäten sollte man im Auge behalte.
Luxor Beteiligungen (ohne PLL)
LNG - $38.00 - Cheniere Energy – Luxor #5 biggest institutional holder. Position: $89,230,232
MXM – $32.00 – Maxxam Inc. - #4 largest inst. Position: $19,888,000
IED – $4.13 - Investools - #2 largest inst. Holder. Position $8,328,766-
BKF - $32.38 – BKF Capital Group - #9 biggest inst. Holder. Position:$7,832,957
AFFM - $15.14 – Affirmative Insurance - #1 largest inst. Holder. Position: $23,437,750 (9.43%)
Übrigens hat ein Kapitalgeber namens Luxor Capital seine größte Position in Cheniere,
neben einigen anderen meist gut gelaufenen Werten.
Die Cheniere-Position beläuft sich auf einen Portfolio-Wert von inzwischen ca 80Mio USD.
Wenn Luxor schon länger dabei ist müssen sie einen guten Riecher gehabt haben.
(Eine guten Riecher werden sie wohl auch mit Palladon Ventures(PLL) haben, einem in bzw. unmittelbar vor der Produktion befindlichen Eisenproduzent aus Kanada.)
Ich denke, Luxors Aktivitäten sollte man im Auge behalte.
Luxor Beteiligungen (ohne PLL)
LNG - $38.00 - Cheniere Energy – Luxor #5 biggest institutional holder. Position: $89,230,232
MXM – $32.00 – Maxxam Inc. - #4 largest inst. Position: $19,888,000
IED – $4.13 - Investools - #2 largest inst. Holder. Position $8,328,766-
BKF - $32.38 – BKF Capital Group - #9 biggest inst. Holder. Position:$7,832,957
AFFM - $15.14 – Affirmative Insurance - #1 largest inst. Holder. Position: $23,437,750 (9.43%)
E.ON plant erstes deutsches LNG-Projekt
Der Duesseldorfer Energiekonzern E.ON plant den Bau des ers-
ten deutschen Anlandeterminals fuer verfluessigtes Erdgas.
Zunaechst werden im Rahmen einer Machbarkeitsstudie die tech-
nischen und wirtschaftlichen Voraussetzungen fuer die Errich-
tung der Anlage geprueft, teilte das Unternehmen mit. Nach
ersten Berechnungen sollen die Investitionen ca. 500 Millio-
nen Euro betragen. Mit ihrer Mehrheitsbeteiligung an der
Deutschen Fluessigerdgas Terminal Gesellschaft (DFTG) verfue-
ge die Konzerngesellschaft E.ON Ruhrgas bereits ueber einen
geeigneten Standort in Wilhelmshaven. Im Terminal Wilhelmsha-
ven soll verfluessigtes Erdgas, das per Schiff angeliefert
wird, wieder in seinen gasfoermigen Zustand zurueckversetzt
und in das deutsche Fernleitungsnetz eingespeist werden. Auf
diesem Weg koennten Ende des Jahrzehnts jaehrlich bis zu 10
Milliarden Kubikmeter Erdgas bezogen werden, hiess es. Diese
Menge entspreche dem Gasbedarf von fast drei Millionen Haus-
halten. "LNG ist eine vielversprechende Option, mit der wir
uns neue Bezugsmoeglichkeiten fuer Erdgas eroeffnen. Das ge-
plante Terminal in Wilhelmshaven gibt Deutschland Anschluss
an den weltweit wachsenden LNG-Markt. Mit dieser Investition
wollen wir insbesondere die Versorgungssicherheit langfristig
staerken", erlaeuterte der Vorstandsvorsitzende Wulf H.
Bernotat.
(Copyright BoerseGo)
Der Duesseldorfer Energiekonzern E.ON plant den Bau des ers-
ten deutschen Anlandeterminals fuer verfluessigtes Erdgas.
Zunaechst werden im Rahmen einer Machbarkeitsstudie die tech-
nischen und wirtschaftlichen Voraussetzungen fuer die Errich-
tung der Anlage geprueft, teilte das Unternehmen mit. Nach
ersten Berechnungen sollen die Investitionen ca. 500 Millio-
nen Euro betragen. Mit ihrer Mehrheitsbeteiligung an der
Deutschen Fluessigerdgas Terminal Gesellschaft (DFTG) verfue-
ge die Konzerngesellschaft E.ON Ruhrgas bereits ueber einen
geeigneten Standort in Wilhelmshaven. Im Terminal Wilhelmsha-
ven soll verfluessigtes Erdgas, das per Schiff angeliefert
wird, wieder in seinen gasfoermigen Zustand zurueckversetzt
und in das deutsche Fernleitungsnetz eingespeist werden. Auf
diesem Weg koennten Ende des Jahrzehnts jaehrlich bis zu 10
Milliarden Kubikmeter Erdgas bezogen werden, hiess es. Diese
Menge entspreche dem Gasbedarf von fast drei Millionen Haus-
halten. "LNG ist eine vielversprechende Option, mit der wir
uns neue Bezugsmoeglichkeiten fuer Erdgas eroeffnen. Das ge-
plante Terminal in Wilhelmshaven gibt Deutschland Anschluss
an den weltweit wachsenden LNG-Markt. Mit dieser Investition
wollen wir insbesondere die Versorgungssicherheit langfristig
staerken", erlaeuterte der Vorstandsvorsitzende Wulf H.
Bernotat.
(Copyright BoerseGo)
Mit gekühltem Gas auf große Fahrt gehen
Artikel im Zertifikatejournal 30/05, abrufbar unter
http://www.zertifikatejournal.de
Artikel im Zertifikatejournal 30/05, abrufbar unter
http://www.zertifikatejournal.de
Hallo wer kann mir weiterhelfen.
Suche Energyfonds
die Cheniere soauch Sempra also Firmen die LNG bereich
investiert sind, mit im Portfolio haben.
Suche Energyfonds
die Cheniere soauch Sempra also Firmen die LNG bereich
investiert sind, mit im Portfolio haben.
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