Chemical Industry Representative Says Main Pass Project Can Help Alleviate Natural Gas Shortfall
Posted on Jan 22, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Chemical Industry Representative Says Main Pass Project Can Help Alleviate Natural Gas Shortfall
The New Orleans City Business reports on the U.S. chemical industry’s demand for natural gas. According to Dan Borne, president of the Louisiana Chemical Association, Freeport-McMoRan’s Main Pass Energy Hub, which was approved by the Maritime Administration earlier this month, can help meet demand while decreasing natural gas prices. “The U.S. chemical industry consumes more energy than Mexico, more electricity than the state of New York and more natural gas than California to produce a wide range of critical products,” Borne said. “Any uptick in supply is good for us.”