March 2006 - LNG moves offshore
Offshore LNG terminals not only circumvent environmental objections, they give suppliers global arbitrage opportunities. But are they economical, asks Catherine Lacoursiere
Growing opposition to onshore liquefied natural gas (LNG) terminals in the United States is making offshore regasification facilities an attractive alternative. While higher costs have sidetracked some offshore projects, high natural gas prices and constricting global liquefaction supply are making such projects more economic - in particular, flexible regasification ships that are able to relocate to meet peak LNG demand.
Although demand for LNG is expected to grow from 680 billion cubic feet
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