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Saturday, February 17, 2007

Gasport opens door to LNG

Gasport opens door to LNG
By UPSTREAM
The first delivery of liquefied natural gas to Excelerate Energy's new Teesside Gasport in north-east England began this morning, according to the port authority.
The delivery marks the opening of the UK's second LNG import terminal. The only other operational terminal in the country is at the Isle of Grain, near London.
The Teesside project is unique in Europe because the LNG is warmed up and turned into gas while still on board Excelerate's specially-designed tankers, before the gas is pumped directly into the gas network.
This avoids the need to build a terminal on land, which is time consuming, so Excelerate has been able to start operations less than a year after getting planning permission.
The Excelsior arrived from Scapa Flow in the Orkney Islands after collecting its cargo from another vessel, the Excalibur, and began discharging its LNG cargo this morning, PD Ports said.
Excelerate has said that the facility could deliver up to 11.3 million cubic metres of gas a day.
However, there is no guarantee that the company will deliver that much LNG to the terminal because it may be able to get much more money for its gas in other parts of the world, Reuters reported.

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