Compass

ConocoPhillips: Closed Loop Would Make Compass Port Unattractive to LNG Suppliers

A veto next month of the Compass Port Clean Energy LNG import terminal by Alabama Gov. Bob Riley could doom the project, according to a ConocoPhillips official, because it would force the company to restart the application process, causing a lengthy delay, and would require a switch to a closed-loop vaporization model that could double the cost of operations over a 20-year period.

May 26, 2006