Trinidad & Tobago eyes stake in US LNG import facilities

07/19/2004
Capitalizing on its status as the No. 1 US LNG supplier, Trinidad and Tobago is considering pursuing an equity stake in US LNG import facilities.The government of the twin-island nation announced that it has entered into a memorandum of understanding with McMoRan Exploration Co. subsidiary Freeport-McMoRan Energy LLC, New Orleans, for the development of the company's proposed deepwater LNG terminal off Louisiana.The Louisiana firm earlier this year filed an application with the US Coast Guard for authorization to develop a $440 million, deepwater LNG receiving terminal at its Main Pass energy hub, 37 miles east of Venice, La. (OGJ Online, Mar. 1, 2004). Click here to enlarge imageTri...
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