Excelerate, Suez Energy On Board with Newfoundland LNG Storage Project
Posted on Sep 17, 2007 in Canada & Mexico, Markets and Competition, Storage | Comments Off on Excelerate, Suez Energy On Board with Newfoundland LNG Storage Project
The Packet (Newfoundland) reports that Excelerate Energy and Suez Energy have agreed to store some of their LNG supplies at the proposed Newfoundland LNG facility at Grassy Point in Newfoundland, Canada. Excelerate’s VP of Operations explained, “although the Newfoundland project is about two days sailing from our Northeast Gateway port facility, and six days from our Gulf Gateway port facility, we find the facility to be quite useful as a storage and transshipment terminal.”