Posted on 08/28/2006 6:50:30 AM PDT by thackney
As the need for energy increases, companies race for approvals to build liquefied natural gas terminals across the country.
Supplying LNG -- natural gas chilled to minus 260-degrees Fahrenheit -- is a way to meet the demand by shipping a liquid form of the gas into different regions, rather than relying on distribution solely through pipelines, according to the industry.
But in the Gulf Coast -- where several terminals already exist, 10 LNG projects have received federal approval and at least two more are proposed -- British Petroleum may have lost the race to build its own proposed project.
Citing market conditions, the company recently announced plans to halt the proposed LNG terminal in Galveston, Texas, but said the decision has no bearing on the Crown Landing project in Logan Township.
"It doesn't affect the Crown Landing project in New Jersey because the two projects actually serve very different markets," said BP's Crown Landing spokesman Tom Mueller.
In a recent statement, BP said it has renewed the third year of a three-year lease on land for the Texas project, but has no immediate plans to move forward at this time.
"Due to its assessment of the significant development of capacity on the Gulf Coast, the company is not currently proceeding with any further work on the project and it will not file an application with the Federal Energy Regulatory Commission," the company said.
According to commission documents, plans for about 40 LNG terminals are either before the commission now or being discussed for North America.
Based on market conditions, only 12 of those 40 proposed terminals will be built, analysts have said.
On the East Coast, there are three LNG terminals -- in Massachusetts, Maryland and Georgia.
(Excerpt) Read more at nj.com ...
Creating a world market for natural gas.
I hope we replace NG with nuclear. Natural gas has taken almost as big of a bite out of my wallet as gasoline over the past 3 years.
Even though we import more uranium than we produce ourselves?
With the weekly explosions BP Texas City refinery has, I'm not so confident that they'd handle LNG sufficiently safely.
Oh wait, they have a flower as their logo and now market themselves as "beyond petroluem", so they must be wonderful.
Is it possible to increase the amount we produce?
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