LNG Message Board - Msg: 20931487

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Gold/Mining/Energy : LNG

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From: Dennis Roth	1/9/2005 1:39:52 PM
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Occidental Petroleum's Ingleside Energy Center inglesideenergycenter.com Three LNG Projects for Corpus Cristi Cheniere Energy Corpus Cristi DEIS issued Nov 18th, 2004 Docket CP04-37 ExxonMobil's Vista del Sol DEIS issued Dec 16th, 2004 Docket CP04-395 Occidental Petroleum's Ingleside Energy Center Docket CP05-13 My WAG is Cheniere gets their FEIS in February, Exxon in March and Occidental by the end of this year. Exxon will have as an anchor customer the Dupont Fluoroproducts plant located adjacent to the site where Exxon intends to put its terminal. In fact, Dupont is selling Exxon the land for the terminal. Occidental Petroleum's OxyChem will consume a fair chunk of its volume itself at the large cogeneration facility it operates to supply steam and power to neighboring industrial facilities. Cheniere Corpus Cristi project will likely provide gas to 1/3 project owner Sherwin Alumina but is it enough to get the project financed and off the ground? Three projects all in the same area but is the market in the area big enough to absorb all this new capacity quickly ? Exxon doesn't think so which is why their project has two stages. 1.1 Billion Cubic Feet per Day initially then expanding to 2.0 Billion Cubic Feet per Day later. We shall see.

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