The predicted shakeout of Gulf Coast/Gulf of Mexico liquefied natural gas (LNG) projects is well under way, with ConocoPhillips adding its Beacon Port Clean Energy terminal offshore Louisiana to a growing list of projects that have been mothballed or canceled in recent weeks. Beacon Port’s demise follows ConocoPhillips’ other offshore LNG project, Compass Port, ExxonMobil’s Pearl Crossing, BP’s Bay Crossing/Pelican Island project onshore Texas and several others.
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ConocoPhillips Cancels Beacon Port LNG Project
The predicted shakeout of Gulf Coast/Gulf of Mexico liquefied natural gas (LNG) projects is well under way, with ConocoPhillips adding its Beacon Port Clean Energy terminal offshore Louisiana to a growing list of projects that have been mothballed or canceled in recent weeks (see Daily GPI, March 23). Beacon Port’s demise follows ConocoPhillips’ other offshore LNG project, Compass Port, ExxonMobil’s Pearl Crossing, BP’s Bay Crossing/Pelican Island project onshore Texas and several others.
November 10, 2006
Shakeout of Gulf LNG Projects Begins as ExxonMobil, BP Shelve Plans
A shakeout of the multitude of Gulf Coast liquefied natural gas (LNG) import projects began last week with both BP and ExxonMobil canceling terminal plans.
August 28, 2006
Newest Wholesale Gas Merchants ‘Regenerating,’ ‘Immigrating’ into Sector
The players that took charge of the energy merchant sector following the dismal 2001-2002 shakeout continued to lead North American wholesale natural gas sales in 1Q2005, with BP plc, Sempra, ConocoPhillps, Coral and Atmos holding the top five spots in NGI’s latest natural gas marketing survey. However, new participants began “immigrating” into the business during the first quarter, and more are expected to follow, industry experts predict.
June 27, 2005
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