Posted on 05/01/2005 7:37:17 PM PDT by WayneLusvardi
A former California state chief economist and Dean of the University of Oregon Business School has released a study that indicates offshore Liquid Natural Gas (LNG) terminals will lower natural gas prices, create new jobs, and modestly increase the state Gross Domestic Product (GDP), while adding needed supplies of natural gas and flexibility to California’s maxed out system of interstate gas pipelines.
Professor Philip J. Romero of the Lundquist College of Business, University of Oregon, California, reports in a new study that California is the most dependent nation or state on natural gas, but lack of additional capacity in cross-country gas pipelines limit further domestic imports. California imports 85% of its natural gas through regional pipelines that are at near-capacity, while the U.S. currently imports about 15%. California pays a premium for natural gas due to the high transport costs from out-of-state providers.
Terminals that can receive liquefied natural gas, convert it back into a gas, and transport it through existing pipelines to end-users are currently under regulatory review by both Federal and State regulatory bodies along the Southern California coastline and Baja, California. They would provide competition to domestic natural gas providers and gas line companies such as Enron’s 2,600-mile Transwestern Pipeline and El Paso Gas Pipeline’s 2,500-mile pipeline, both from West Texas to California; the Kern River Gas Pipeline and Paiute Pipeline which ship gas from the Rocky Mountains; and the PG&E Pipeline which provides gas from the Western Canadian Sedimentary Basin.
According to Professor Romero’s analysis, gross state product in California would increase by $960 million to $4.6 billion; between 11,500 to 55,300 jobs would be added; household income would grow by $43 to $204 per year; and state tax revenues would increase by $64 to $306 million.
(Excerpt) Read more at chronwatch.com ...
Boston is thrilled to have LNG tankers coming into Boston Harbor once or twice a week. It shuts down the entire harbor. Planes can't take off. Ships can't go in or out. And everyone holds their breath. If one of them is to ignite it would take out five square miles.
Most other major economies in the Pacific Rim import and use a lot of LNG, why not CA? Makes sense, and could make cents!
Single Buoy Mooring Systems
simple and cheap
moor the LNG tanker to the buoy; connect to the flexpipe on the buoy; empty the LNG from the tanker into the onshore tank-farm or even the existing pipeline grid.....these buoys can be set in whatever water depth or distance from shore is desired.
Yep! No need to bring the ship into any major population center at all. But I'm sure the enviro-Nazis won't hear a word of common sense when they oppose this.
To funny...
I think maybe bye 2015 will import 15% of LNG via boats.
Oh yeah and new cartel is already forming...
All this BS is so NG futures traders have another excuse to jack up prices..
ie NG cartel, has decided to lover the LNG production...
yipee and all the rest of...
hehe its mighty good to make ton of cash on this...
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