RusEnergy

20.01.2005  9:07  [Neftegaz.ru] - US oil and gas ConocoPhillips is pending US Coast Guard approval to build a LNG terminal in the Gulf of Mexico as part of its effort to meet global gas demand.

The terminal would be located 56 miles south of Louisiana's coast with a throughput capacity of 1.5 billion cubic feet a day, said the company.

Construction could begin late next year and would take about four years to complete. The first delivery of LNG to the offshore terminal could take place in 2010, ConocoPhillips said.

# posted by Deval : 8:03 AM