ConocoPhillips, Sound Energy sign MOU for proposed California LNG terminal

ConocoPhillips and Sound Energy Solutions reported that they have signed a nonbinding memorandum of understanding to work jointly on the continuing development of the proposed SES LNG import terminal proposed for construction at Long Beach, Calif.

July 13, 2004

By OGJ editors

HOUSTON, July 13 -- ConocoPhillips and Sound Energy Solutions (SES), a wholly owned subsidiary of Japan's Mitsubishi Corp., Monday reported that they have signed a nonbinding memorandum of understanding to work jointly on the continuing development of the proposed SES LNG import terminal proposed for construction at Long Beach, Calif.

The terminal would have a send out capacity of 700 MMcfd with a peak capacity of 1 bcfd. The facility could become operational in 2008 after the project receives permit approval from the US Federal Energy Regulatory Commission and California state agencies.