SOURCE: Industrial Info Resources

Industrial Info Resources

December 17, 2010 05:10 ET

POWER-GEN: Planned U.S. LNG Export Terminals Face Daunting Competitive Challenges, an Industrial Info News Alert

ORLANDO, FL--(Marketwire - December 17, 2010) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Developers have filed plans to build about a dozen new liquefied natural gas (LNG) terminals in the U.S., but the terminals with the best chance of being built will be devoted to exporting LNG from the U.S., Arthur Ransome, vice president and general manager at CH-IV International (Hanover, Maryland), told a standing-room-only conference session at POWER-GEN International 2010 on Tuesday, December 14.

But the idea of LNG exports is "new and fairly controversial," he acknowledged. Still, LNG export terminals make more economic sense than LNG import facilities, because gas prices in the U.S. likely will remain relatively low for several years as new production from shale formations continues to come online. 

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=170832, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to petroleumterminalsgroup@industrialinfo.com or visit our website at www.industrialinfo.com.

Follow us on: Facebook - Twitter - LinkedIn - Vimeo