|Cheniere Energy Makes Progress on Gulf Coast LNG Projects|
HOUSTON--August 8, 2003--Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Cheniere Energy Incorporated (AMEX:LNG) (Houston Texas) recently awarded the Front End Engineering and Design (FEED) contracts for two of its four planned LNG receiving and regasification terminals planned for the Gulf Coast.
Cheniere awarded Black & Veatch Pritchard Incorporated (Overland Park, Kansas) the FEED contracts for its Sabine Pass, Louisiana (PEC 020051337) and Corpus Christi, Texas (PEC 01008551) LNG terminal sites. The FEED for both sites will be completed by September of 2003 and Cheniere Energy plans to file permits with the FERC in January 2004 for these two facilities.
The other members of the of the project team assembled by Cheniere are Project Technical Liaison Associates Incorporated (Spring, Texas) for the safety & permitting issues, Ecology and Environment Incorporated (AMEX:EEI) (Lancaster, New York) for environmental assessment and Shiner Moseley and Associates Incorporated (Corpus Christi, Texas) for marine engineering.
These two sites, combined with Cheniere Energy's partnership investment in Freeport LNG Development LP for their planned Freeport LNG terminal (PEC 01008554), will give the company a very strong presence in the Gulf Coast U.S. region. Deepwater access, available pipeline capacity and local demand for natural gas make these locations very appealing. Cheniere Energy hopes to be importing 5-6 Bcf/d of natural gas through its planned LNG receiving terminals by 2007.
North American is witnessing an increase in LNG project development as energy developers seek solutions to our growing energy needs. See related archived news article*: North American LNG Project Planning Exceeds $11 Billion as ExxonMobil Gas & Power Joins the Foray for additional information on the growing LNG industry.
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Too bad this thread died, I'll just use it to store articles I guess.