ConocoPhillips exec debates US LNG terminal siting

10/04/2004
Developers of LNG projects in the US should not make terminal-site decisions based on regional natural gas price differentials, said ConocoPhillips Qatar Pres. Mike Stice at an LNG conference in Houston Sept. 24.Stice believes it makes more sense to place an LNG terminal in the country's major natural gas supply area—the US Gulf Coast—than to target one of the major markets for the imported gas, such as the upper US Northeast, especially New York.Options"If you choose to place a terminal in New York because of, say, a 40¢ differential with Henry Hub [La.] pricing," Stice told OGJ, "then your project is at risk because that differential can evaporate very quickly."Stic...
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