This is an excerpt from EERE Network News, a weekly electronic newsletter.
LNG Ministerial Summit Points to the Future of Natural Gas
Energy Secretary Spencer Abraham hosted the LNG (liquefied natural gas) Ministerial Summit on December 17th and 18th, where energy ministers from 24 countries shared their thoughts about the future of a global market for natural gas. LNG is the only practical way to import natural gas from overseas, a fact that led Secretary Abraham to state that "LNG is clearly going to be a large factor in the world's future energy equation." See Secretary Abraham's speech.
Other speakers at the conference agreed with Secretary Abraham, and their presentations at the summit suggest that a significant effort is looming to develop the LNG market. See the summit presentations on the U.S. Energy Association's Web site.
The momentum in the LNG market is apparent on the Web sites of nearly every international energy company. ChevronTexaco, for instance, has received approval to build an LNG terminal in the Gulf of Mexico, 40 miles off the Louisiana coast, and is planning another LNG terminal off the coast of Baja California. ExxonMobil has announced plans to build a $600-million LNG terminal near Sabine Pass, Texas, and BP has applied to build an LNG terminal, called "Crown Landing," by the Delaware River in southern New Jersey. BP has also signed an agreement to bring 3.7 million tons of LNG per year from Indonesia to North America over a 20-year period. The LNG will go to Sempra Energy, which is planning to build an LNG receiving terminal in Baja California in cooperation with Shell. Meanwhile, Cheniere Energy is planning LNG terminals in Sabine Pass, Louisiana, and Corpus Christi, Texas, and ConocoPhillips is investing in an LNG terminal in Quintana, Texas. ConocoPhilips has also joined with TransCanada Corporation to propose an LNG terminal called "Fairwinds" near Harpswell, Maine.
Need to learn more about LNG? Visit the new LNG Web site, provided by the California Energy Commission.