Regulatory Obstacles and Rising Costs May Limit U.S. LNG Development
Posted on Oct 27, 2006 in Blog, LNGLawBlog, Markets and Competition, Policy, Legislation and Politics, Regas Terminals & Capacity, State and Local Issues | Comments Off on Regulatory Obstacles and Rising Costs May Limit U.S. LNG Development
According to Bill Cooper, executive director of the Center for Liquefied Natural Gas, regulatory obstacles and increasing costs will limit the number of LNG terminals constructed in the U.S. to between seven and nine, less than 20% of terminals proposed. During a speech at a Louisiana State University energy conference on Wednesday, Cooper voiced his disappointment with the opposition to open-loop vaporizers that compelled ConocoPhillips to withdraw its proposed Compass Port terminal and prompted Freeport-McMoRan to revise the design of its proposed Main Pass Energy Hub terminal. Read more in The Advocate (Baton Rouge).