Conference to Examine Global LNG Marketplace

Wednesday, October 09, 2002
Zeus Development Corporation announces the organization of a conference, March 12-14, 2003, in Los Angeles, to consider the implications of West Coast terminals for the global LNG industry. "With numerous onshore and offshore terminal proposals under evaluation on the West Coast by ChevronTexaco, Marathon, Shell, Mitsubishi, El Paso and others, the LNG industry will likely drive the golden spike in its circumference of the globe this decade," said Bob Nimocks, president of Zeus Development Corporation. "The Atlantic and the Pacific basins will become more integrated with the Henry Hub lying between." California consumes nearly 50 million metric tons of natural gas annually and is anxious to diversify its energy supply. With an established pipeline grid, the West Coast offers a far more liquid market than Japan, Korea and Taiwan, which have led the industry for more than 30 years with LNG projects closely tied to power production. The conference will examine how the dynamics of contracts, pricing and the whole LNG business model will change in the Pacific once North America begins importing LNG from the west, and how West Coast markets will change as a result of the new gas supplies, some of which may come via Mexico. An optional half-day workshop and harbor tour will precede the conference, Wednesday, March 12, to provide a review of the current and planned LNG infrastructure in the Pacific and Indian Oceans, recent pricing trends and an overview of western gas transmission and distribution infrastructure. Then, the main conference will feature perspectives from authorities around the world on the impact of added demand to the Pacific and Indian Ocean LNG industries and supply to the western North American pipeline grid. The implications of new delivery concepts, including North American price indexing, shorter-term and more flexible contracts, spot cargoes and swaps, environmental and security issues, and new technologies, such as El Paso's Energy Bridge concept, will be considered.
Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

US Senators Introduce Bill to Limit Offshore Drilling

A group of U.S. Senators on the West Coast have introduced a bill Wednesday aiming to prohibit offshore drilling on the outer continental shelf of California, Oregon and Washington.

Foss Hires VP, General Counsel & Chief Ethics Officer

Foss Maritime announced that Lam Q. Nguyen-Bull has joined the company as the Vice President, General Counsel and Chief Ethics Officer.   Based in Seattle, Nguyen-Bull

French President Inaugurates CMA CGM’s New Mega Ship

The CMA CGM Bougainville, the largest containership sailing under French flag, was inaugurated Tuesday by French President François Hollande in Le Havre.   Other

Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1413 sec (7 req/sec)