|Thompson & Knight Attorney Doug Pedigo says Surplus Leading to LNG Terminal Conversions|
|August 3, 2012 8:28 am|
Plans are under way to convert at least eight terminals originally proposed to handle the import of liquefied natural gas into the U.S. into export facilities. "Although each of these proposals will be heavily scrutinized by the Federal Energy Regulatory Commission and the Department of Energy, this is a positive development given the surplus of domestic natural gas and plenty of willing buyers of LNG among Asian and European interests seeking long-term supplies," says Doug Pedigo in the Houston office of Thompson & Knight. The LNG facilities will chill natural gas to minus 260 degrees Fahrenheit to prepare the product for overseas transport by ship. "Any LNG purchaser would also be interested in making an equity investment in an export terminal to provide a hedge against commercial uncertainty and performance risk. It makes good business sense to have some skin in the liquefaction market overall." For more information, contact Barry Pound at 800-559-4534 or [email protected].
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