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March 2006 - LNG moves offshore

Offshore LNG terminals not only circumvent environmental objections, they give suppliers global arbitrage opportunities. But are they economical, asks Catherine Lacoursiere

Growing opposition to onshore liquefied natural gas (LNG) terminals in the United States is making offshore regasification facilities an attractive alternative. While higher costs have sidetracked some offshore projects, high natural gas prices and constricting global liquefaction supply are making such projects more economic - in particular, flexible regasification ships that are able to relocate

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