Houston, Texas (PRWEB) September 25, 2014
More than half the 52 proposed LNG export projects in North America are slated for operation outside of the U.S. Gulf Coast. In its fifth year, the 2014 North American LNG Exports conference will assemble industry leaders to discuss prospects for greater LNG supply from North America, the U.S. regulatory landscape, as well as opportunities and challenges for prospective project developers. The conference, part of Hart Energy’s recent acquisition of Zeus Intelligence, will be held November 20-21, 2014, at the Four Seasons Hotel in Houston.
“Proposals outside the Gulf Coast are happening quickly, especially on the West Coast of the U.S. and British Columbia,” said Tom Campbell, Hart Energy - Director of LNG and Gasification. “They’re generally about 20 percent larger than the terminals proposed for the Gulf Coast. Developers have proposed about 383 million tonnes of liquefaction capacity outside the Gulf Coast over the next ten years. While it is clear that the vast majority of that capacity will not come online, it is clear that many are optimistic about the non-Gulf Coast future.”
Developers have proposed 52 projects in North America.
- Canada: 22
- U. S. Gulf Coast: 20
- U. S. East Coast: 4
- Mexico: 3
- U. S. West Coast: 2
- Alaska: 1
A summary of the Hart Energy Survey can be downloaded at http://www.northamericanlngexports.com.
Wave of Projects
The past year’s developments have drawn attention to the rest of the continent and away from the Gulf Coast. Mexican energy reform will allow for more foreign investment in energy projects. Two projects have been added to the continent’s Northeast Coast. British Columbia’s government has proven itself friendly to the development of its many proposed projects. The U.S. Department of Energy has granted export approval for the two Oregon projects to nations that do not have free trade agreement status. West Coast shipping has become increasingly attractive to those looking to quickly transport cargos to high demand markets.
“While the wave of projects in the Gulf Coast was anticipated, these projects outside the Gulf Coast have certainly increased their tempo,” said Campbell. “It will be interesting to see which projects make it to the finish line first, as there may be room for only a handful of them. We look forward to discussing this at the conference in November.”
About Hart Energy
For 40 years, Hart Energy editors and experts have delivered market-leading insights to investors and energy industry professionals. The Houston-based company produces award-winning magazines (such as Oil and Gas Investor, E&P and Midstream Business); online news and data services; in-depth industry conferences (like the DUG™ series); GIS data sets and mapping solutions; and a range of research and consulting services. In April 2014, Hart Energy acquired Zeus Intelligence, a leading information provider to the LNG market. For information, visit hartenergy.com.