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Gold/Mining/Energy : LNG

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To: John Carragher who wrote (887)8/16/2006 5:25:15 PM
From: Dennis Roth  Read Replies (1) of 919
 
>> i thought mid east had some huge supplies coming on stream within two years. i thought xon had a large project coming on stream. <<

Qatar does have some big projects with XOM coming on line, Super sized tankers ordered to carry it to XOM terminals in Texas at Sabine ( Golden Pass) and Corpus Christi ( Vista del Sol ). But the output of the new trains is all sold out, committed to terminals in India, Japan, Korea, XOM in Texas and the U.K.
What XOM is bringing in won't cause a gas glut, IMHO. Chindia is
closer to Qatar than Texas and is ramping up for LNG rapidly.

China is preparing to buy a lot from the new liquefaction trains off the coast of Western Australia. There isn't a lot of new supply that isn't already spoken for.
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