LNG Terminal Proposal Debated

Monday, February 13, 2006
Since hurricanes Katrina and Rita slammed the Gulf Coast nearly five months ago, the region has lost more than 610 billion cubic feet of natural gas production. There is no single solution to offsetting supply disruptions, but economists, industry executives and analysts advocate placing above-ground storage tanks along the nation's coasts where energy companies can store imported liquefied natural gas, also known as LNG. Once stored in these receiving terminals, the natural gas would be shipped via pipelines throughout the United States. Proponents say the tanks are safe, a vital means to energy companies' organic growth and a way to help ease a possible drag on the economy. Critics, however, say these storage tanks - each the size of a baseball field - are potentially dangerous, especially in densely populated regions, and an easy terrorist target. For now, there are four onshore LNG storage terminals, one each in Massachusetts, Maryland, Georgia and Louisiana that date to the mid-1980s, plus an offshore terminal in the Gulf of Mexico. Most of the proposed sites are along the energy friendly Gulf Coast, fresh off two major hurricanes but also where infrastructure - pipelines, shipping channels and ports - are in place. Proposals along the coasts, however, are being met with steadfast resistance from communities fearing the fallout from an accident or terrorist attack. LNG terminals import about 3 percent of the nation's natural gas. The U.S. also imports another 12 percent of its natural gas, but not LNG, from Canada. It produces the remaining 85 percent. Industry analysts and executives estimate that percentage of LNG imports could reach 15 percent of U.S. natural gas by 2012.

(Source: Seattle Post-Intelligencer)

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

LNG

IACS and European Commission Hold Joint Workshop to Kick Off European Shipping Week

The International Association of Classification Societies (IACS) held a joint workshop in Brussels with the European Commission to kick off European Shipping Week, the association announced today.

BG Group's Australian Project Helping to Double LNG Supplies

A smooth start to operations at BG Group's Australian project in Queensland is expected to help the British company to roughly double its liquefied natural gas (LNG) supplies in 2015/16,

EC Study on LNG as Shipping Fuel Reveals Industry Backing

As efforts to combat climate change increase worldwide, pollution stemming from maritime shipping presents a particular challenge.     The study on the perception

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1111 sec (9 req/sec)