U.S. Seen Adding Up To Eight LNG Ports

Each terminal would cost $1 Billion US, each tanker $170 million

Published: 08-Jan-2004

class=ar>SAN FRANCISCO, Jan 7 (Reuters) - Up to eight liquefied natural gas (LNG) terminals aimed at meeting rising U.S. energy needs are likely to be built in North America this decade, requiring billions of dollars in investments in all parts of the LNG sector, energy analysts said on Wednesday.

"There will be a need to build between six and eight terminals based on current supply and demand forecasts," said Fisoye Delano, a senior researcher at the University of Houston's Institute for Energy, Law, and Enterprise.

Delano made his comments -- roughly in line with estimates by the U.S. Department of Energy -- on the sidelines of an energy conference sponsored by Louisiana-based energy investment firm Pritchard Capital Partners LLC.

Delano also agreed with other industry estimates that LNG investments of $100 billion will be needed this decade to build terminals aimed at a U.S. market short on supplies and anxious to import more gas from Russia, the Middle East, West Africa and South America.

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