Liquefied

Williams yesterday asked FERC for the green light to reactivateand expand its liquefied natural gas (LNG) import services at itsCove Point terminal in Lusby, MD to meet the growing demand on theEast Coast.

What do you get when you mix coconut oil and liquefied naturalgas? A minus-260-degrees-Fahrenheit Pina Colada.

The AES Corp., headquartered in Arlington, VA, has begunconstruction on a $340 million electric power plant and liquefiednatural gas importing facility in the Dominican Republic. The AESAndres plant will be located outside of Santo Domingo, and willconsist of a 300 MW gas-fired combined cycle plant and LNGimporting terminal. The plant, which will take about two years tobuild, will be powered by a 501F gas turbine from Mitsubishi HeavyIndustries. BP Amoco will supply LNG under a 20-year fuel supplyagreement, and Chicago Bridge & Iron will construct the LNGfacility. AES already has a substantial presence in the DominicanRepublic, owning 100% interest in a 210 MW simple cycle electricpower station and a 50% interest in an electric distributioncompany, EDE Este there. EDE serves more than two million customersin the eastern region.

What do you get when you mix coconut oil and liquefied naturalgas? A minus-260-degrees-Fahrenheit Pina Colada.

Tractebel of Belgium last week completed the purchase of Cabot LNG, the largest U.S. importer of liquefied natural gas, from Cabot Corp., in a deal worth $680 million.

Tractebel of Belgium yesterday completed the purchase of CabotLNG, the largest U.S. importer of liquefied natural gas, from CabotCorp., in a deal worth $680 million.

Cabot LNG, the largest U.S. liquefied natural gas importer and distributor in the Northeast, agreed last Thursday to sell 100% of its assets to Tractebel of Brussels, Belgium for $680 million. The deal will give Tractebel the LNG terminal in Everett, MA, along with 10% interest in a liquefaction facility in Trinidad and Tobago and the LNG tanker, Matthew. The transaction is set to close by the beginning of September.

Cabot LNG, the largest U.S. liquefied natural gas importer anddistributor in the Northeast, agreed yesterday to sell 100% of itsassets to Tractebel of Brussels, Belgium for $680 million. The dealwill give Tractebel the LNG terminal in Everett, MA, along with 10%interest in a liquefaction facility in Trinidad and Tobago and theLNG tanker, Matthew. The transaction is set to close by thebeginning of September.

Marking CMS Energy’s continued emphasis on the liquefied naturalgas (LNG) market, CMS Marketing, Services and Trading (CMS-MST)announced agreements to buy six LNG cargoes for delivery to the CMSTrunkline LNG facility in Lake Charles, LA, last week. Terms of thetransactions were not disclosed.