Word: lng
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Name Att Yds Avg TD Lng Robb Hirsch 56 220 3.9 1 15 Mike Hill 47 199 4.2 1 23 Esan Simon 16 77 4.8 3 15 Kendrick Joyce 27 74 2.7 0 11 Mike Giardi 86 46 .5 3 26 Chris Taylor 3 12 4.0 0 13 Mike Wallace 5 4 .8 0 1 Colby Maher 1 2 2.0 0 2 RECEIVING...
...distributors want to "roll in," or average out, the higher priced imported LNG with the price of domestic gas, currently held by federal regulation to $1.48 per 1,000 cu. ft. tops. That would hold down the price somewhat, but force the vast majority of customers who will not burn imported gas to pay part of the cost of supplying LNG to those who actually use it. That is indeed the basis on which the first LNG imports have been sold, but Energy Secretary James Schlesinger has denounced the plan as constituting a subsidy for imports. He favors "incremental" pricing...
Maybe-but there are serious obstacles. Though President Carter's national energy plan calls importation of LNG an "important supply option," and the Department of Energy has been approving import projects, officials have serious doubts about the strategic wisdom of allowing too many American consumers to become dependent on the stuff, lest LNG be included in another oil embargo. They are hardly encouraged by the fact that the principal U.S. supplier will be Algeria, one of the most hawkish of the OPEC countries and a nation ruled by a left-wing government that is anything but an ally...
Another problem is price. According to Iranian Premier Jamshid Amouzegar, LNG costs five to six times as much to ship as oil. And that does not count the formidable expense of conversion and storage terminals; the terminal at Cove Point cost $370 million. Algerian gas costs $2.37 per 1,000 cu. ft. to deliver to East Coast users; Indonesian LNG will cost, $3.42 delivered in California...
Finally, there are safety worries. A report by the General Accounting Office due for publication in May takes a dim view of locating LNG terminals in highly populated areas, because of the possibility that leaking liquid might vaporize, ignite and form a deadly fireball. Gasmen retort that no one has ever seen such a fireball. John Cabot, chairman of Distrigas, scoffs that a catastrophe is "a lurid image in search of a believable scenario." Whatever their ultimate volume, though, LNG imports are sure to rise; they constitute a supplemental form of energy that the U.S. simply cannot spurn...