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Participants
Anadarko
Baker Concrete Construction
BP America, Inc.
Brunel Energy
Chart Industries
Chiyoda International Corp.
Federal Reserve Bank of Dallas
GPD Services
Industeel USA LLC
International Steel Group
Kellogg Brown & Root
LARREI Services Inc.
M & H Energy Services
Marathon Oil Company
Mitsubishi Heavy Industries
Moffatt & Nichol International
Total Gas & Power N.A., Inc.
Whessoe International
Zeus Development Corporation

 


Zeus Development Corporation would like to thank all participants.

The Status and Future of Rising NG Construction Costs Workshop
The objective of the workshop is to review how the business cycles in the U.S. and around the world are affecting prices for raw materials and the value of the dollar and to evaluate how recent changes in steel and concrete fabrication costs affect planned and possible LNG terminal project costs. Attendees will learn more about the constraints of International Steel Group (ISG) to supply 9% Nickel steel plate to the U.S. market. ISG is the only domestic supplier of 9% Nickel steel plate used for LNG storage tanks. We will also evaluate recent changes in the cost components for concrete fabrications including cement markets.

Agenda: Thursday, September 30, 2004
12:00 - 1:00 PM

Luncheon and Registration

1:00 - 1:15 PM

Call to Order, Workshop Objectives, Agenda
Bob Nimocks, president, Zeus Development Corporation
Nimocks will bring the workshop to order, outline the objectives and review the afternoon's agenda.

1:15 - 2:00 PM

Bumpy Economic Cycles and Exchange Rates
Tim Hopper, Regional Economist, Federal Reserve Bank of Dallas
Hopper will share his views of the business cycle and discuss his expectations for labor markets, commodity prices and currency exchange rates in a strengthening economy.

2:00 - 2:45 PM Where, Oh Where Has Your Steel Plate Gone?
Alex Wilson, International Steel Group (ISG)
ISG is the only plate mill in the United States quoting 9% Nickel plate. Wilson will review the market changes that have affected the market for steel plate generally and 9% Nickel steel plate particularly. He will discuss how the plate buyer's material specifications can hamper the mill's ability to supply plate economically.
2:45 -3:15 PM

Break

3:15 - 3:45 PM

Let's put that in Concrete
Robert Nussmeier, Baker Concrete Construction
Nussmeier will discuss how the concrete prices and availability has been affected by the energy price changes and growing demand. The effects on projects using concrete in tanks and in offshore structures such as the proposed Gravity Based Structures (GBS) will be discussed.

3:45 - 5:00 PM PANEL: Contractor Perspectives on Cost Management
Walter Sonne, vice president, Moffatt & Nichol International
Moffatt Nichol provides port and terminal planning and waterfront construction. Their expertise is dredging design, beneficial reuse of dredged material and ocean structures.

Doug Ducote, executive vice president, Chart Industries


Robert Nussmeier, Baker Concrete Construction


Michael Diemert, CH-IV International
5:00 - 5:10 PM Workshop conclusions
5:10 - 6:00 PM Reception

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