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Friday, June 20, 2008

Gazprom Offered Role in U.S. Plant

16 June 2008 - The Moscow Times - ExxonMobil offered Gazprom a role in a liquefied natural gas re-gasification terminal on the U.S. East Coast, Gazprom deputy chief executive Alexander Medvedev said Wednesday, Itar-Tass reported. Medvedev said Gazprom could have a role in the terminal's facilities or become an investor, Itar-Tass reported. ExxonMobil hopes to build a $1 billion terminal off the New Jersey coast to receive and re-gasify LNG. The company has not yet received the permits for the BlueOcean Energy terminal, which would have the capacity to supply about 1.2 billion cubic feet of gas per day to New Jersey and New York. Exxon was not immediately available for comment. But Andrew Swiger, the executive who runs Exxon's natural gas business, said last week that the company was looking at a number of options to secure a gas supply for the terminal. "It may well wind up being an integrated value chain project. It may be something else," he said.

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