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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (185369)	8/23/2014 10:01:42 AM
From: Dennis Roth	1 Recommendation Recommended By evestor Read Replies (1) \| Respond to of 206110

Well what do you know, Hawaiian Electric did commission a study as to the commercial and economic viability of importing liquefied natural gas (LNG) from the mainland. The report focused on risk assessment, procurement options, regasification options, shipping considerations, and pricing analysis. It's 130 pages and I've only skimmed it and read the Executive Summary on page 9 and Conclusions on page 92 because it is not a big interest of mine. It seems they are considering for the regas terminal, a near shore floating LNG terminal at Pearl Harbor as the best choice. Appendix N: LNG Imports to Hawaii Study 130 pages hawaiianelectric.com In the near term Hawaiian Electric may begin shipping LNG in 2016 to multiple islands Mar 19, 2014 bizjournals.com Hawaiian Electric Co. expects to begin shipping in liquefied natural gas in containers as early as in 2016 as a replacement fuel for power generation on Oahu, the Big Island, Maui, Molokai and Lanai, which may substantially lower fuel costs while helping it to comply with more stringent environmental regulations, according to a recent a request for proposals obtained by Pacific Business News... ...The RFP calls for the supply and delivery of up to 800,000 tons per year to be supplied by containerized shipping for a term of up to 15 years, starting in late 2016 or early 2017. Hawaiian Electric said that it hopes to submit a proposed contract to the Hawaii Public Utilities Commission for approval by August... ...In terms of importing LNG, Hawaiian Electric believes that it can be transported across the ocean in bulk via LNG carriers and/or articulated tub barges, and received at a conventional bulk LNG import and regasification terminal. Once regasified, natural gas would be distributed by pipeline to generating stations where it would be utilized. The other way to import LNG would be to deliver it in containers directly to the generating stations, where the LNG would be regasified and used. The utility is asking bidders to provide pricing models from three LNG loading ports, including Vancouver, British Columbia; Oakland, Calif.; and Houston. Hawaiian Electric anticipates that development, permitting and implementation of a bulk LNG import and regasification terminal for Hawaii will take up to eight years to complete, and could possibly be placed in service in 2020 to 2022. “LNG is available for delivery by containers today,” the RFP said. “Hawaiian Electric believes that shipping and distribution of LNG by containers to Hawaii in volumes sufficient for power generation may be commercialized within three years or less...”