August 19, 2008
LNG becoming active in Alaska
Analysis of:
Mitsubishi drops California LNG plan, eyes Alaska | www.ogj.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Implications: Sound Energy Solutions, subsidiary of Mitsubishi Corp. has diligently worked for the last ten years to bring LNG to Long Beach, having support from ConocoPhillips to take care of heavy hydrocarbons and take off NG for hydrogen production. Long Beach and the California Coastal Commission rejected their effort. Now Mitsubishi is looking to Alaska together with Sempra LNG.
Analysis: Nancy Pelosi, Barbara Boxer, Diane Feinstein and of course the terminator Arnold Schwarzenegger should be put in a dungeon for having California put in the dark ages of energy management, in particular LNG neglect. LNG was advanced in California in the last energy crisis with a peak shaving pant in Chula Vista of SDG&E (San Diego Gas & Electric) and plans of Southern California Gas Company for three LNG receiving terminals at Point Conception, Oxnard and Long Beach.
Analysis: Nancy Pelosi, Barbara Boxer, Diane Feinstein and of course the terminator Arnold Schwarzenegger should be put in a dungeon for having California put in the dark ages of energy management, in particular LNG neglect. LNG was advanced in California in the last energy crisis with a peak shaving pant in Chula Vista of SDG&E (San Diego Gas & Electric) and plans of Southern California Gas Company for three LNG receiving terminals at Point Conception, Oxnard and Long Beach.
Now Mitsubishi - one of the world's leading LNG trading companies - is moving together with Sempra LNG to Alaska. We have for the last eight years promoted LNG from the Sea of Alaska to the West Coast. But now Alaskan LNG is most likely to be shipped to Japan and Asia and not to the West Coast. Apparently the lights have to go out in California before the legislature wakes up and drills offshore, gets its fare share of LNG and realizes the value of nuclear and hydroelectric power plants.
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