Wednesday, 08 November 2006 16:34
California LNG projects remain dream for now
Hans Laetz in Malibu, California
It may not be as dramatic as the 1849 Gold Rush, but the jockeying has intensified in the race to become the gateway for liquefied natural gas into the California energy market.
A total of eight LNG receiving projects are in various stages of public announcement or regulatory review along the California, USA, and Baja California, Mexico, coasts. They are all within 175 miles of Los Angeles.
Construction is almost a third complete at the West Coast’s first terminal, south of the border, down Mexico way. And two recent proposals have entered the crowded field in which regulators figure only one or two LNG terminals will see completion.
Energy suppliers are hungry to crack the North American market, where natural gas prices are linked by market forces to oil price levels.
It may not be as dramatic as the 1849 Gold Rush, but the jockeying has intensified in the race to become the gateway for liquefied natural gas into the California energy market.
A total of eight LNG receiving projects are in various stages of public announcement or regulatory review along the California, USA, and Baja California, Mexico, coasts. They are all within 175 miles of Los Angeles.
Construction is almost a third complete at the West Coast’s first terminal, south of the border, down Mexico way. And two recent proposals have entered the crowded field in which regulators figure only one or two LNG terminals will see completion.
Energy suppliers are hungry to crack the North American market, where natural gas prices are linked by market forces to oil price levels.
Published in
April 2006
