PDA

View Full Version : Betting on LNG?



NewsWhore
12-20-2006, 05:30 PM
Dominican ambassador to Qatar Hugo Guiliani Cury has told Qatari media that the DR could become a transit point for Qatari liquefied natural gas (LNG) to reach the United States. An American company, AES already imports natural gas for its natural gas power plant located in Andres, Boca Chica, near the site of the proposed LNG plant, and pipes this to plants in Santo Domingo. The AES gas-fired 1,000-megawatt plant imports natural gas from Trinidad & Tobago. The plan would be to construct a re-gasification facility at the same site that is part of the DP World Caucedo multi model trans-shipment port, operated by Dubai Ports International.
Guiliani told the Doha media that the US currently has five LNG receiving terminals and needs to have at least 20 more such facilities to be able to begin receiving Qatari LNG from 2011 onwards. For security reasons, the US may decide not to develop these, and the DR could fill the void for the alternative clean fuel facility, says the Dominican ambassador. Guiliani says that if the expansion takes place, the DR could source natural gas from Qatar as well. "Once Doha has acquired those big LNG vessels, we can get a shipload of LNG (some 225,000 cubic meters) to the DR once every three weeks or every month," said Guiliani. The DP World Caucedo is owned and operated by Dubai Ports International.
There are two main ways of transporting natural gas in large volumes. These are by pipeline in its natural state as a gas, and as a liquid. To liquefy natural gas it must be cooled to very low temperatures - this is the function of a liquefied natural gas (LNG) plant. LNG has the advantage that, when cooled and converted to a liquid, its liquid form reduces its volume 600-fold, and is thus convenient to store and to transport, as long as it remains cold.
According to Chemical & Engineering News, in the face of high US natural gas prices and fears of shrinking supplies, natural gas producers and users are hoping that a bonanza of newly imported liquefied natural gas would lead to a future of price and supply stability and better profits. The plan would be for LNG imports to go from 3% of daily gas use at present to 10% by 2010 and maybe 20% by 2025.

More... (http://www.dr1.com/index.html#11)