Hess LNG CEO: Investment in Crown Landing Project a “Very Long-Term Play”
Posted on Nov 12, 2009 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Hess LNG CEO: Investment in Crown Landing Project a “Very Long-Term Play”
Noting weak natural gas prices in the U.S. market and diminished import activity at U.S. LNG terminals, Hess LNG CEO Gordon Shearer told Dow Jones (via the Wall Street Journal [subscription required]) that his company’s recent acquisition of the Crown Landing LNG terminal project is a “very long-term play, a long-term investment, and it’s going to take a while to develop it.” Shearer also said that there is “strong local support” for the project.