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In The News
ConocoPhillips seeks LNG permit in the Gulf of Mexico
(Source: Market Watch)
ConocoPhillips is planning to setup a LNG gas terminal in the Gulf of Mexico and is seeking approval
from U.S. Coast Guard. The terminal with a capacity of 1.5 billion cubic feet will be located south of
Louisiana. The construction is expected to being late 2006 and the first delivery is expected around
2010.
Floating LNG
(Source: San Diego Union-Tribune) Existing US LNG Terminals
Moss Maritime is planning to collaborate with Terminales Almacenes Maritimos de Mexico S.A. de Everett, Massachusetts
C.V. (TAMMSA) for building a LNG vessel into a floating storage and regasification unit (FSRU). Cove Point, Maryland
FSRU is attractive because it will be less expensive and have a lower environmental impact than a
land facility. Elba Island, Georgia
Cheniere Energy acquires BPU LNG Lake Charles, Louisiana
(Source: Business Wire)
On Feb. 8, Cheniere Energy announced the acquisition of BPU LNG Inc., giving it full control of Cor-
pus LNG. Corpus LNG is planning to build an LNG receiving terminal near Corpus Christi, TX, and
FERC has issued a draft EIS for the project.