IIR Press Releases
Industrialinfo.com Releases New North American LNG Terminal Wall Map Identifying Over $27 Billion in Proposed Construction
Several expansions have taken place at the existing LNG receiving terminals, and there are no fewer than 50 new LNG terminals in the planning, permitting, and engineering phases
Released Friday, April 15, 2005
Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Liquefied Natural Gas (LNG) is fast becoming the first and best option to alleviate the imbalance in North America between the supply of natural gas produced domestically and the continued growth in demand for it. The U.S., in particular, is crossing the line of self-reliance for domestically-produced natural gas, as it did for crude oil in the 1970's. Present projections predict a supply side deficit of between 10 and 13 billion cubic feet per day by 2015, and a base case for natural gas spot prices of approximately $8 per thousand cubic feet by late 2006. Since early 2001, companies have begun to explore the feasibility of importing LNG on a massive scale. What started as a limited number of proposed LNG receiving terminals has evolved into a market scramble to get these facilities through the rigorous permitting process and get to the construction phase.
Presently, there are five operational LNG receiving terminals in the U.S. and Puerto Rico and one operational LNG liquefaction train operating in Alaska. Several expansions have taken place at the existing LNG receiving terminals, and there are no fewer than 50 new LNG terminals in the planning, permitting, and engineering phases being proposed for the U.S., Canada, the Bahamas, and Mexico. These proposed facilities represent approximately 60 billion cubic feet per day of new natural gas supply points along the coasts and offshore. Associated with these new facilities are new pipeline and power generation proposals. Ten to twelve of these new facilities are expected to go into service between 2008 and 2012. After that time, an additional new terminal may be required every few years.
Industrialinfo.com's recently released North American LNG Terminal Map includes a comprehensive listing of the projects proposed for the North American LNG market. Each project is plotted on the map, along with detailed project descriptions, such as company phone number, the proposed import capacity of the project in billions of cubic feet per day, LNG storage in cubic meters, associated gas pipelines, and power generation. In total, the North American LNG Terminal Map identifies potential projects with a combined total of nearly 60 billion cubic feet per day, 3,100 miles of new gas pipelines, 1,600 megawatts of power generation, and 16 million cubic meters of LNG storage.
Industrialinfo.com is the leading provider of global industrial market research. We specialize in helping companies develop information solutions to maximize their sales and marketing efforts.
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