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Major Energy Companies Considering Floating LNG Projects

Reuters (carried via the Globe and Mail) reports that a number of major global energy companies are considering pursuing floating LNG liquefaction and regasification projects. Neil Duffin, head of ExxonMobil’s project development unit, noted that Exxon’s
November 30, 2008

Reuters (carried via the Globe and Mail) reports that a number of major global energy companies are considering pursuing floating LNG liquefaction and regasification projects. Neil Duffin, head of ExxonMobil’s project development unit, noted that Exxon’s proposed BlueOcean Energy project, which includes the use of a floating regasification terminal off the coast of New Jersey, will be more expensive than an onshore project, but that it “may be the only way to do it environmentally or to get permitting.”

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