LNG at Warp Speed

Developer ready to move on LNG
Monday, August23, 2004, 10:30 AM

PORTLAND (AP) - Maine's Passamaquoddy Indians have opened the door to construction of a liquefied natural gas terminal in the state.

And it's not a moment too soon for energy development partnership Quoddy Bay LLC, which hopes to build a terminal at Pleasant Point.

Four LNG terminals have been proposed in New England, and two in the Canadian Maritimes. Experts say there isn't enough demand to support all the proposed projects.

Quoddy Bay is racing against Irving Oil and Access Northeast Energy to be the first to get acess to the Maritimes and Northeast pipeline that serves New England.

Those two projects -- both in Canada -- are further along than Pleasant Point, and have recieved provincial environmental approvals.

But Quoddy Bay says its project is moving at "warp speed," and expects a definitive agreement with the Passamaquoddy will be ironed out within weeks.







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