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Morgan Stanley / Wentworth Gas Marketing plan $30 to 50M EXPORT plant at Freeport, TX

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  • Morgan Stanley / Wentworth Gas Marketing plan $30 to 50M EXPORT plant at Freeport, TX

    Well the greed mongering is beginning with Morgan Stanley throwing up $30 to $50M to export the USA abundance of NG to other countries . . . :-( . . . Location is near maritime facility in Freeport, TX and expects exports of 60 BILLION cubic feet of cng per year!!

    This is exactly NOT what the USA needs right now. That investment INSTEAD should go for infrastructure in USA to use the natural gas right HERE in USA !!!!

    Please write / email your Congressman / Senators in TX and other influential states (ie OK, UT, etc) so that this EXPORT idea is squashed !!

    http://ngvtoday.org/2014/09/03/morga...port-facility/

    Full text of article 9/3/14:
    Originally posted by NGVtoday
    Wentworth Gas Marketing, a subsidiary of Morgan Stanley, has submitted plans to the U.S. Department of Energy’s Office of Fossil Energy to build a CNG export facility near Freeport, Tex.

    The proposal to construct an operating facility with an annual shipping capacity of 60 billion cubic feet of CNG was made in May. If built, this might be the first CNG export facility in the U.S., as natural gas is typically exported as LNG. Analysts say an advantage to exporting natural gas as CNG is that building up a CNG plant requires lower investment compared to a LNG facility in terms of both outbound liquefaction and inbound regasification infrastructure, and that a CNG export facility can be constructed much faster than an LNG facility. The plant would take a year to buildat a cost of $30 million to $50 million. Wentworth plans to export CNG from the plant to Caribbean nations that have free trade agreements with the U.S., including the Dominican Republic, Panama, Guatemala, El Salvador, Honduras and Costa Rica. CNG from the Freeport facility could be used to fuel power plants in these countries as well as for transportation fueling.

    Freeport is a deep-water port located on the Gulf of Mexico about 60 miles south of Houston. The CNG would be compressed at the Freeport facility and either loaded onto trailer tanks that could be transported by container ships to their destinations or loaded onto CNG tanker ships. In November 2013, Florida-based energy company Emera CNG LLC applied for a permit to export 9.125 billion square feet of CNG a year. Information on the status of the Emera CNG export application was unavailable as NGV Today went to press. But Andy Weissman, an energy lawyer at Haynes and Boone in Washington, said the Morgan Stanley proposal was one of the first such CNG export projects he was aware of. “This could be something very significant, and if it was done successfully, there would undoubtedly be more of these,” says Weissman.

  • #2
    Re: Morgan Stanley / Wentworth Gas Marketing plan $30 to 50M EXPORT plant at Freeport

    The EPA wont allow CNG conversions to be done in a normal, practical, and affordable way, so this is the result. Those Caribbean nations call us all the time to install our systems.

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    • #3
      Re: Morgan Stanley / Wentworth Gas Marketing plan $30 to 50M EXPORT plant at Freeport

      Exporting 60 billion cubic feet of gas bothers me---a lot. We are exporting our lower cost NG (and a manufacturing advantage) to other countries so we can buy replacement oil from countries that want to kill us. All in the name of profit. I hope Morgan Stanley chokes on their natural gas. However, I am not concerned about the 9.125 billion "square" feet of gas being exported in the second paragraph. That should amount to nothing.

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      • #4
        Re: Morgan Stanley / Wentworth Gas Marketing plan $30 to 50M EXPORT plant at Freeport

        An LNG export facility is already there - it's nestled between the Texas Point and Sabine National Wildlife Refuges. See satellite view of any map browser across shipping channel from the address Dowling Dr and 1st Ave, Port Arthur, TX on the Louisiana side. It was likely the largest civil engineering project in the nation for the last several years.

        Exports are needed to help supply gas to countries such as Japan which had to shut down ALL of its nuclear plants after Mar 2011 to check their designs after the Fukushima quake. Israel is also preparing to bring gas in from ships moored in the Mediterranean following the recent turmoil in the Mideast which has cut off the imports it was receiving from Egypt.
        .

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        • #5
          Re: Morgan Stanley / Wentworth Gas Marketing plan $30 to 50M EXPORT plant at Freeport

          someone here had a great idea to only permit like btu exchange. we need to keep our gas here and worry about our kids for a change let the rest of the world make it on there own as the have left us out in the wind for the last 40 years and the middle east can go pound sand and wash it down with the oil that we wont need if we keep our gas right here. let me see clean air cheap fuel jobs will come home for the cheap fuel nope cant have that. just let the pigs keep raping us. ( reread animal farm)

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          • #6
            Re: Morgan Stanley / Wentworth Gas Marketing plan $30 to 50M EXPORT plant at Freeport

            Another rant---we have short memories. It wasn't very long ago that we were rushing to build LNG import terminals because we were so short on natural gas supplies in this country. I can remember threats of and actual curtailments during high demand periods which spiked prices and shut down industries. I wouldn't be surprised if the EXPORT plants being built aren't IMPORT plants that are being repurposed. We were working hard on import plants right up to the time the shale gas production picked up and eliminated the need. Sorry for other countries problems on their energy supplies but until this country is energy independent, not one BTU should be shipped out of the country until we aren't importing anything. In addition, we shouldn't be exporting our non-renewable resources offshore to help line the pockets of the greedy Wall Street bankers. I know you are supposed to feel sorry for people who are in a bind due to natural or geopolitical disasters but when we were in one of our many "energy crisis" periods, I didn't see a push from the rest of the world to help us out---at any price.

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            • #7
              Market considerations for LNG facilities to export North American natural gas

              2011 Iran shares the world's largest known gas deposit with Qatar, which can produce 77 million metric tons of LNG a year and is the biggest exporter of the fuel. China is considering investing in LNG export terminals for Iran which are held up by the sanctions.

              http://en.chinamining.com.cn/Investm...686d50797.html
              .

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              • #8
                Re: Market considerations for LNG facilities to export North American natural gas

                Exports of liquefied natural gas from the Sabine Pass LNG terminal are expected to begin in 2015. Cheniere Energy informed that the project completion for the Stage 1 (Train 1 and 2) and Stage 2 ( Train 3 and 4) of the Sabine Pass Liquefaction project are at 83.1% and 56.5%, respectively.

                http://www.lngworldnews.com/doe-auth...pass-terminal/
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