Distrigas
of Massachusetts LLC (DOMAC) owns and operates
a liquefied natural gas (LNG) import and regasification
facility located along the Mystic River in Everett,
Massachusetts (the Everett Marine Terminal). Since
1971, this facility has received more than 600
shipments of LNG imported from various international
sources. DOMAC markets LNG in both liquid and
vapor (regasified) form throughout the northeastern
United States under the jurisdiction of the Federal
Energy Regulatory Commission (FERC). DOMAC provides
liquid, vapor, or combination sales services on
a firm or interruptible basis. DOMAC's customers
include local gas distribution companies (LDCs),
electric generating facilities, natural gas marketers,
and industrial end-users. These customers may
contract for service for daily, weekly, seasonal,
annual, or multi-year periods.
James P. Gordon, District Representative,
Office of Congressman Stephen F. Lynch, 9th District
Massachusetts, will provide a 5-10 minute introduction
on the cruise.
Julie Vitek, Director, SUEZ LNG NA LLC
will provide an overview of the Everett Terminal
and Boston Habor.
4:45 - 5:30 PM
Unload boat and bus back to hotel
6:00 - 7:00 PM
Reception
Thursday,
September 21, 2006
7:30 - 8:00 AM
Registration and Continental Breakfast
8:00 - 8:15 AM
Conference Introduction,
Objectives, Agenda Bob Nimocks, president,
Zeus Development Corp.
8:15 - 10:15 AM
SESSION: Northeast Energy Markets -- Properity
or Peril
SESSION
ONE: Northeast Energy Markets - Prosperity or Peril
8:15 - 8:55 AM
Does the Northeast Energy Market Grade an
'A', 'F' or Something in Between Richard Levitan, president,
Levitan & Associates The Northeast energy market, which
we define for this conference, as New England,
New York and New Jersey, has some of the highest
energy prices in the nation. Four major pipelines
supply gas from the U.S. Gulf Coast, eastern Canada
and the Maritime provinces. As high gas prices
and even higher fuel oil prices grip the market,
the market is transitioning. Demand appears flat,
but beneath the surface industrial consumers are
exiting while residential, commercial and electric
power consumption climbs. Gas-fired electric power
demand growth is strong. Levitan has been asked
to review the state of the market, discuss its
value and complexity, and in general frame the
context for the rest of the conference.
8:55 - 9:35 AM
Electric Power: New England's High-Growth
Gas Market Ray Necci, president,
Connecticut Light & Power and Yankee Gas Demand for gas-fired power has more
than doubled in four key New England states -
Massachusetts, Connecticut, New Hampshire and
Maine. In 2005, power producers in these states
consumed 0.9 bcfd on average, up from 0.4 bcfd
in 2000. Summer months are when demand sails the
highest - in July last year, demand rose to a
record 1.3 bcfd, approximately double the sendout
capacity of the Everett LNG terminal. This presentation
will review what is driving the electric power
market, how long the growth is expected to continue,
and the implications for new gas supplies.
9:35 - 10:15 AM
Abandoning High-Priced Oil: Space-Heating
Markets & Demand for LNG Storage Joseph
A. Vaszily, energy industry consultant
and formerly with Keyspan Residential and commercial space-heating
markets represent the bulk of gas demand in the
Northeast. Consumption rises five fold from about
1.4 bcfd in summer to 7.2 bcfd in winter. With
heating oil trading at prices more than double
natural gas, the rate of consumers switching to
gas is expected to rise even faster. This presentation
will review the nature and future of the space-heating
marketplace and discuss the growth and demand
for new LNG storage facilities in the Northeast.
10:15 - 10:45 AM
BREAK
SESSION
TWO: Canadian and U.S. Government Perspectives &
Policies
10:45 - 11:25 PM
Canada's Natural Gas
Markets Impact on the United States Shahrzad Rahbar, Vice
President of Operations, for the Canadian Gas Association
Natural gas prices have declined significantly since
last fall, a result of the mild winter. This presentation
updates recent events in natural gas markets and
implications for the upcoming months. Underlying
these shorter-term events is a tight supply/demand
balance in natural gas markets. Addressing the balance
requires improved regulatory processes and government
policy to both bring on remote and unconventional
sources of supply and help consumers redue demand
through end-use efficiency.
11:25 - 12:05 PM
The Northeast Gas Market
in 2030 - With and Without New LNG Terminals Bill Trapmann, natural
gas analysis team leader, U.S. Energy Information
Administration LNG is a vital element of Northeast gas
supply. Even if no U.S. East Coast terminals are
built, supplies from the U.S. Gulf Coast and likely
Canada will find its way into Northeastern markets.
Yet, if the Northeast economy continues to grow,
it will need greater quantities perhaps than these
markets can supply. How might new terminals affect
the Northeast and what is the risk if none are sited?
Gaul is asked to address these questions.
12:05 - 1:35 PM
LUNCH
SESSION
THREE: Pipelines to the Rescue: Why Does the Northeast
Need New Regas Capacity?
1:35 - 2:15 PM
Duke's Perspective
on Northeast gas Supply and Demand, and the Impact
on LNG Robert N. Hansen, VP,
business development, Duke Energy Duke Energy owns interests in three pipeline
systems that serve the Northeast: the Texas Eastern
system, which supplies gas from the Gulf Coast to
New York; the Algonquin line, which connects Boston;
and the Maritimes-Northeast pipeline, which supplies
Nova Scotian gas to New England.
2:15 - 2:55 PM
Pipelines to the Rescue:
Why Does the Northeast Need New LNG Regas Capacity? Jim Moore, director,
business development, Transco The Transco pipeline is the central artery
supplying natural gas from the Louisiana and Texas
Gulf Coast to Northeast markets. With 16 bcfd of
import capacity planned at either operational or
under-construction terminals between Freeport, Texas,
and Lake Charles, La., how much new LNG import capacity
is needed in the Northeast? The Transco (Williams)
and Tennessee Gas Pipeline (El Paso) speakers are
posed this question.
2:55 - 3:25 PM
BREAK
3:25 - 4:05 PM
Pipelines to the Rescue:
Why Does the Northeast Need New LNG Regas Capacity? Kyle Sawyer, consultant,
El Paso Corp., Tennessee Gas Pipeline El Paso operates Tennessee Gas Pipeline,
which delivers gas from the Gulf of Mexico, Texas,
Appalachia, and Canada to markets across the Midwest
and mid-Atlantic regions, including New York, and
Boston. Given so much LNG receiving capacity is
being built along the Gulf Coast and at existing
terminals, like Cove Point, is additional receiving
capacity needed in the Northeast? Sawyer has been
asked to address this question.
4:05 - 4:45 PM
Pipelines to the Rescue:
Why Does the Northeast Need New LNG Regas Capacity? Don Bell, Director Main
Line East, TransCanada
TransCanada's network of approximately 41,000 kilometres
(25,600 miles) of pipeline transports the majority
of Western Canada's natural gas production to key
Canadian and U.S. markets. A growing independent
power producer, TransCanada owns, or has interests
in, approximately 6,700 megawatts of power generation
in Canada and the United States. Mr. Bell will discuss
their pipeline that flows from Alberta to East Canada
and to New York and Boston. Mr. Bell will also provide
an update on the Broadwater project which they have
partnered with Shell and on Quebec LNG.
4:45-5:00 PM
First-Day Summary
5:00 - 6:00 PM
Reception
Friday,
September 22, 2006
7:45 - 8:45 AM
Continental Breakfast
8:45 - 9:00 AM
Current Agenda
SESSION
FOUR: Prospects for More LNG and Efforts to Get
It to USNE/Canadian SE Markets
9:00 - 9:40 AM
How the State PUCs Intend
to Work with Gas and Power Utilities to Manage the
Northeast's Unique Market Requirements Sharon M. Reishus, president
of the New England Conference of Public Utilities
Commissioners, and commissioner for the State of
Maine As New England's energy market grows
and transitions towards greater weather sensitivity,
the needs of public utilities change. Storage becomes
a key issue as does the nature and duration of supply
contracts. With possible greater volumes of LNG,
the market will also compete against other continental
markets, like Europe, for gas supply. Reishus has
been asked to discuss what she sees as the key issues
for New England's regulators over the coming decades
and how regulators might respond to the energy industry's
needs, such as how best to compete for LNG supply
in a world market where other utilities are entering
into long-term take-or-pay contracts.
9:40 - 10:00 AM
BREAK
10:00 - 10:40 AM
Everett and Boston Harbor Expansion
Plans Richard Paglia, vice president,
Suez LNG NA SUEZ LNG NA owns and operates the Everett LNG
terminal through its subsidiary, Distrigas of Massachusetts
LLC. The company currently draws LNG from Trinidad.
Future expansions at Everett are constrained, so
SLNGNA is working on its Neptune project, a buoy
offshore Massachusetts. Paglia has been asked to
describe his perspective on New England's gas market
and its demand for LNG.
10:40 - 11:20 AM
Cove Point's Impact
on Northeast Gas Markets: Statoil's Objectives and
Perspectives Kurt Georgsen, president,
Statoil Natural Gas, LLC Statoil is one of three importers through
Dominion's Cove Point LNG terminal. June 16, Dominion
received FERC authorization to increase the terminal's
capacity from 1.0 to 1.8 bcfd. Statoil has subscribed
to the entire capacity increase. Two tanks will
be added to the five at the site to increase storage
to about 14.5 bcf. Dominion will also expand its
pipeline in Maryland to deliver more gas to interstate
pipeline connections in Virginia and build a new
pipeline, a pipeline extension, two pipelines parallel
to existing lines and two compressor stations in
Pennsylvania to move gas to customers throughout
the Northeast. Georgsen has been asked to describe
how Statoil views the Northeast market.
11:20 - 12:45 PM
LUNCH
SESSION FIVE:
Panel Discussion - Select New Receiving Terminal
Projects (from NE to SW)
12:45 - 2:30
Canaport LNG, Saint
John, New Brunswick Jim Trifon, Repsol YPF Last summer, Irving Oil and Repsol announced
they had entered into an agreement to develop the
Canaport LNG with capacity of 1.0 bcfd and three
160,000-cubic-meter full-containment storage tanks
and throughput capacity of 600,000 cubic meters
of gas per hour.
Downeast LNG, Passamaquoddy Bay, Maine Dean Girdis, president,
Downeast LNG The Downeast LNG project located on the
Maine shore in Passamaquoddy Bay was the first
proposed LNG project in the United States to receive
approval from a town vote, 3 to 1 in favor. The
project will supply 500 mmcfd of regasfied LNG
into the Maritimes and Northeast Pipeline for
consumers in Maine and New England.
AES's Northeast LNG
Supply Strategy Aaron Samson, managing
director- LNG projects, AES AES's is expanding its base of LNG terminals
in the Atlantic. The company is currently planning
three terminals along the U.S. East Coast, including
Brewster Island, Sparrows Point, and Ocean Caye.
Excelerate Energy’s
Northeast Gateway Project Rob Bryngelson, Excelerate
Energy
Excelerate plans to locate the Northeast Gateway
deepwater port in federal waters in Massachusetts
Bay. It will deliver 0.4-0.8 bcfd to markets via
a new 16-mile pipeline to be constructed, owned,
and operated by Algonquin Gas Transmission.
Bus
from hotel and load cruise boat
Distrigas
of Massachusetts LLC (DOMAC) owns and operates
a liquefied natural gas (LNG) import and regasification
facility located along the Mystic River in Everett,
Massachusetts (the Everett Marine Terminal). Since
1971, this facility has received more than 600
shipments of LNG imported from various international
sources. DOMAC markets LNG in both liquid and
vapor (regasified) form throughout the northeastern
United States under the jurisdiction of the Federal
Energy Regulatory Commission (FERC). DOMAC provides
liquid, vapor, or combination sales services on
a firm or interruptible basis. DOMAC's customers
include local gas distribution companies (LDCs),
electric generating facilities, natural gas marketers,
and industrial end-users. These customers may
contract for service for daily, weekly, seasonal,
annual, or multi-year periods.