Texaco to study Gulf of Mexico offshore LNG terminal


By the OGJ Online Staff

HOUSTON, May 15 -- Texaco Inc., White Plains, NY, Tuesday announced a 6-month study for the development of a liquefied natural gas receiving and regasification terminal in the US Gulf of Mexico.

The study will examine and evaluate infrastructure requirements and costs of the proposed terminal, which would be designed to process 1 bcfd initially. The proposed terminal would connect with Texaco's offshore infrastructure, which has excess capacity.

Texaco's offshore natural gas infrastructure is connected onshore to several interstate pipeline systems and the Henry Hub, which is operated by a Texaco subsidiary.

Robert Solberg, president of Texaco Commercial Development, said, "The traditional supply basins can be developed to meet this growing demand, and LNG creates an outstanding opportunity to construct new facilities that can deliver this much needed gas supply to US markets."

The terminal could be operational in 4-5 years, and then could be expanded up to 2 bcfd. The LNG would be produced from one or more potential projects in the Atlantic Basin in which Texaco holds an equity interest.

"This regasification effort is part of Texaco's larger natural gas strategy. Natural gas discovered in areas where there are no local markets is being considered for use as feedstock for projects such as this," Solberg said.

The four existing LNG receiving terminals in the US are almost fully contracted, Texaco said.

Related Articles

DOE approves LNG exports to non-FTA countries from Oregon project

03/24/2014 The US Department of Energy conditionally approved Jordan Cove Energy Project LP’s application to export LNG through its proposed terminal on Orego...

INGAA Foundation forecasts oil, gas infrastructure outlays to 2035

03/18/2014 An estimated $640.9 billion, or an average $29.1 billion/year, will need to be spent on US and Canadian midstream crude oil, natural gas, and natur...

Cameron LNG awards export-plant contracts

03/17/2014 Cameron LNG LLC has awarded CB&I and Chiyoda International Corp. a $6 billion engineering, procurement, and construction contract to build a 13...

IOC to buy stake in proposed PNW LNG terminal

03/17/2014 Indian Oil Corp. Ltd. (IOC) has signed an agreement with Progress Energy Canada Ltd., Calgary; Pacific Northwest LNG Ltd. (PNW LNG), Vancouver, BC;...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected