November 2002

Trends and Resources

HP Impact: LNG demand, siting risks impact U.S. development

The gap in U.S. natural gas consumption and production is widening, the supply of "stranded gas" is increasing globally and interest in LNG importation into the U.S. is again hot news. ..

Weirauch, Wendy, Hydrocarbon Processing Staff

The gap in U.S. natural gas consumption and production is widening, the supply of "stranded gas" is increasing globally and interest in LNG importation into the U.S. is again hot news. Jim O'Sullivan, senior vice president of marketing for Technip Offshore Inc., recently presented an overview of business risks involved with importing LNG into the U.S. Speaking at a global forum held last month at Rice University, Houston, Texas, he provided an assessment of LNG's complex business issues. The following are key highlights from his remarks: Most of the LNG sources are remotely located away from consumers. Vast reserves ar

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