Regasification

ConocoPhillips last week finalized a transaction with Freeport LNG Development LP to acquire 1 Bcf/d of regasification capacity at its proposed liquefied natural gas (LNG) receiving terminal set to be built in Quintana, TX, obtained a 50% interest in the general partner managing the venture, and it said it would provide “substantial” construction funding.

ConocoPhillips on Tuesday finalized a transaction with Freeport LNG Development LP to acquire 1 Bcf/d of regasification capacity at its proposed liquefied natural gas (LNG) receiving terminal set to be built in Quintana, TX, obtained a 50% interest in the general partner managing the venture, and it said it would provide “substantial” construction funding.

AGL Resources, the Department of Energy and Conversion Gas Imports LP say they have discovered a new method of regasifying liquefied natural gas (LNG) that will speed up the delivery process and improve cost efficiencies at a time when the number of proposed LNG import terminals in the United States has grown to more than 30.

The Department of Energy (DOE) announced late last month that Houston-based Conversion Gas Imports LLC (CGI) has reported its findings on the “Bishop Process” — a novel method of unloading and regasifying liquefied natural gas (LNG) directly from ocean tankers for storage in underground salt caverns. The DOE said initial indications are that a salt cavern-based LNG terminal can be built at about half the cost and twice the capacity of a conventional liquid tank terminal.

The Department of Energy (DOE) announced late last month that Houston-based Conversion Gas Imports, LLC (CGI) recently reported its findings on the “Bishop Process” — a novel method of unloading and regasifying liquefied natural gas (LNG) directly from ocean tankers for storage in underground salt caverns. The DOE said initial indications are that a salt cavern-based LNG terminal can be built at about half the cost and twice the capacity of a conventional liquid tank terminal.