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Gold/Mining/Energy : LNG

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To: Dennis Roth who wrote (323)3/4/2005 9:47:37 AM
From: Dennis Roth  Read Replies (4) of 919
 
Draft Environmental Impact Statement for Occidental Petroleum's Ingleside Energy Center LNG terminal was released last Friday.
elibrary.ferc.gov

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
DEIS issued Febuary 24th, 2005 Docket CP05-13

My WAG is All three get their FERC permits by the end of this year.
But will all three get built?

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. Sherwin Alumina is also adjacent to the site.

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's Corpus Cristi project had 1/3 project owner Sherwin Alumina cash out. Will they 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 ?
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