Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Don England who wrote (1913)	3/19/2001 11:25:27 AM
From: excardog	Respond to of 23153

Chevron on LNG what I like about this is they say by 2005: SOURCE: Chevron Corporation Chevron Announces Gas Utilization Study Targets North America West Coast SAN FRANCISCO, March 19 /PRNewswire/ -- Chevron (NYSE: CHV - news) today announced that it is reviewing options for importing liquefied natural gas (LNG) to serve the fast growing demands for clean energy in North America's west coast area. Should the project be economically viable, first supplies of LNG could begin arriving as early as 2005. ``We think this project has tremendous possibilities both in terms of helping to ease the region's energy shortages and using a clean fuel to do it,'' said Peter Robertson, president of Chevron Overseas Petroleum Inc. Chevron could supply the LNG from its extensive gas holdings in Australia. The natural gas would be liquefied through a process of refrigeration and then transported in LNG carriers, ships specially designed and built for this purpose. On arrival at destination, the process is reversed with the LNG re-gasified and delivered to customers via pipeline. It is expected that some of the gas would be used as fuel for new and existing electric power generation plants. LNG has the advantage of reducing the volume of gas by more than 99 percent, making marine transportation practical and efficient. ``LNG is a proven, safe and reliable method of transporting natural gas and it has been used around the world for more than 30 years,'' said Robertson. LNG is currently imported to the U.S. on both the East and Gulf coasts. As part of the project review, the Chevron team will evaluate several alternative locations -- including possibly offshore -- for the receiving terminal facilities.