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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

"K" Line Review of Medium-Term Management Plan

Kawasaki Kisen Kaisha, Ltd. (“K” Line) reviewed “K” Line Group’s medium-term management Plan, which was formulated in March 2015 as the business strategy toward our 100th anniversary in 2019,

Matson Announces Q2 Dividend of $0.18/Share

The Board of Directors of Matson, Inc. today declared a second quarter dividend of $0.18 per common share. The dividend will be paid on June 2, 2016 to all shareholders

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Salvage Ship Electronics Sonar Winch
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: 0.0981 sec (10 req/sec)