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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: emaildelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \ExMerge - Thomas, Paul D.\Deleted Items X-Origin: THOMAS-P X-FileName: paul d thomas 6-26-02.PST Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW2005 JAN 23,2002 2:02 PACIFIC 05:02 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) Liquefied Natural Gas -LNG- Receiving Terminals Making Progress Toward Fruition, in an Advisory by Industrialinfo.com Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Jan. 23, 2002--The following is an advisory by Industrialinfo.com (Industrial Information Resources Incorporated; Houston). In an article written on July 18, 2001 concerning the future demand for natural gas in North America, Industrial Information Resources identified LNG terminals as part of the solution to the supply and demand problem. The demand for natural gas is still expected to reach 30 trillion cubic feet per year by the end of the decade, leading to a deficit of 8 trillion cubic feet a year over today's production. Importing LNG by tanker to a terminal and then regasifying the liquid before introducing it to the pipeline system is a very economical way of obtaining a supply of natural gas. Since July of 2001, one LNG terminal has been reactivated adding 600 million cubic feet per day to the supply side and bringing the total receiving capacity to 2.8 billion cubic feet per day of natural gas from three operational LNG terminals. Of the 23 operational terminals, one is near completion of an expansion and another is planning a further expansion to begin construction in mid 2002. A fourth terminal with a capacity of 750 million cubic feet per day on the East Coast is in the process of reactivation. After the addition of an 850,000 barrel insulated LNG storage tank, the facility will be ready to receive its first tanker load in the fall of 2002 and has further expansion plans to double the size by 2005. Since July the total number of planned LNG terminals has increased from 10 to 12 in North America. The average capacity of each will be about 750 million cubic feet per day. Two will be located in Canada, six in the U.S. and 4 in Mexico. The actual number moving ahead since July is somewhat different and reduces the number to one in Canada and two in the U.S. Three of the four in Mexico have moved into the permitting stage and two of these are seeking E+P+C contractors, while the third has already selected one. These projects run an average of $350 to $400 million apiece and most have multiple phases carrying out to 2008. Ed Weatherly, Petroleum Terminals Group Manager with Industrial Information Resources, stated, "I believe that at least seven of these terminals will be constructed and therefore introduce 5.25 billion cubic per day of natural gas into the pipeline grids of Canada, Mexico, and the U.S. by late 2005. LNG has a regasification ratio of 618:1 at a specific gravity of 0.43 which will allow the average LNG tanker to carry 2.7 billion cubic feet of natural gas in a liquid form, which is about a 3.5 day supply for the average LNG terminal being planned. I think that there is a growing interest in these capital intensive projects and by the end of 2002 we should have a good idea of which of the players will get to market first and supply the natural gas needed in the energy industry. There have been ripples in the marketplace as of late, but there will still be many electrical plants with natural gas as the primary fuel type coming on line over the next decade." Industrialinfo.com provides daily news related to the industrial market place including industry alerts and databases for the energy and industrial markets. For more information on trends and upcoming construction activities for the Oil & Gas Transmission markets as well as other industrial sectors send inquiries to oilandgastransmissiongroup@industrialinfo.com or visit us at www.industrialinfo.com or www.iirenergy.com. --30--EB/ho* CONTACT: Industrialinfo.com, Houston Ed Weatherly, 713/783-5147 KEYWORD: TEXAS MEXICO INTERNATIONAL LATIN AMERICA CANADA INDUSTRY KEYWORD: CHEMICALS/PLASTICS ENERGY OIL/GAS UTILITIES SOURCE: Industrialinfo.com For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- © 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
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