ConocoPhillips, Sound Energy sign MOU for proposed California LNG terminal

By OGJ editors

HOUSTON, July 13 -- ConocoPhillips and Sound Energy Solutions (SES), a wholly owned subsidiary of Japan's Mitsubishi Corp., Monday reported that they have signed a nonbinding memorandum of understanding to work jointly on the continuing development of the proposed SES LNG import terminal proposed for construction at Long Beach, Calif.

The terminal would have a send out capacity of 700 MMcfd with a peak capacity of 1 bcfd. The facility could become operational in 2008 after the project receives permit approval from the US Federal Energy Regulatory Commission and California state agencies.