US needs eight new LNG terminals to meet demand: FERC chairman

Washington (Platts)--27Sep2004

North American energy companies will be able to build enough new liquefied
natural gas terminals to meet growing US gas demand, the head of the US
Federal Energy Regulatory Commission asserted Monday. North America will
require "probably another eight" LNG terminals in the next few years, FERC
Chairman Pat Wood III told attendees of the Canada-US Forum on Energy
Infrastructure, which is sponsored by the Woodrow Wilson International Center
for Scholars in Washington, D.C. "I think that is quite easily reachable" both
in terms of regulatory and 'not-in-my-back-yard' obstacles, Wood said, but he
cautioned that the earliest new LNG terminals likely will not come on line
before 2007. As a result, "we'll have some rough years between now and then, I
fear," in terms of gas market volatility, he said.

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