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Repositioning U.S. Natural Gas Infrastructure
with LNG and Potentially Huge Discoveries Offshore
Mexico - Two Workshops to Examine Both
June 28, 2005 - Houston: Energy researcher and publisher,
Zeus Development Corporation, will host workshops
July 27 and 28 to examine how North America's pipeline,
storage and gas processing capacity will be affected
by potential shifts in gas supply from LNG and potentially
huge discoveries offshore Veracruz, Mexico.
Some 40% of the natural gas consumed in the United
States comes from Texas, Louisiana, Mississippi and
the federal waters offshore, according to U.S. Department
of Energy estimates.
"With 12 to 18 billion cubic feet per day of
new LNG import capacity planned along the coasts,
the share of national supply from those states could
climb from 40% to 60 to 65%," notes Bob Nimocks,
president of Zeus.
"Now, with Pemex announcing huge discoveries
offshore Veracruz, we want to understand how these
new supplies will affect North American pipeline,
storage and processing capacity utilization."
For the first workshop, July 27, Zeus has invited
representatives from Pemex, the government of Mexico
and independent energy analyst, Javier Humberto Estrada,
to describe the prospects for gas in the Lankahuasa
and Kosni fields - two fields that Pemex E&P head
Juan Antonio Cuevas Leere reported combined reserves
of 200 trillion cubic feet - more gas than the entire
proven reserves of the United States.
Pemex plans to invest $220 million to expand production
from the Lankahuasa and Kosni fields, but more will
be needed. The workshop will discuss the prospects
for investment in light of the upcoming presidential
elections. Energy investment has been a contentious
issue since the 1930s when Mexico nationalized its
oil and gas industry.
A second workshop the following day will then review
the potential impact on pipeline demand as one massive
LNG terminal after another is built along the western
U.S. Gulf Coast. A key question is whether LNG will
simply replace declining domestic production along
the Gulf or compound those supplies. Energy analysts
from three firms - McKinsey & Company, Platts
Analytics and Forecasting and Lukens Energy Group
- will share their opinions.
Both workshops will be held at Zeus' west Houston
offices. Seating is limited to 40. For more information,
access www.LNGExpress.com/LNGI
or contact
at 713-333-5773.
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