We don’t have to guess that Spectra wants to export from the Gulf; Spectra CEO Greg Ebel says so, and Spectra has already started development on an export pipeline in the other place he named at the same time.
Mike Lee wrote for Bloomberg 17 January 2012, Spectra Expects to Be Involved in North American LNG Exports,
Spectra, based in Houston, owns pipelines that carry gas along the U.S. Gulf of Mexico and from fields in British Columbia, two areas where export terminals have been proposed, Ebel said in an interview at Bloomberg headquarters in New York today.
Cheniere Energy Inc. (LNG) is exploring multibillion-dollar projects to convert import terminals in Louisiana and Texas to liquefy and export gas. Apache Corp. (APA), EOG Resources Inc. (EOG) and Encana Corp. have proposed a liquefied natural gas export terminal at Kitimat on Canada’s West Coast.
“Our pipelines go right by all those facilities, really,” Ebel said. “You’ll probably see three to six of those get built. I would expect we’ll have some involvement in all of them.”
And, once again, this has nothing to do with any alleged energy need by Florida; it’s all about a surplus of fracked methane:
A boom in gas production from shale formations has prompted companies to explore potential exports of the fuel. Liquefaction facilities would cool gas to a liquid form, making it easier to transport on ships.
Since that Bloomberg article, Spectra has started project development for that British Columbia export pipeline.
Now Ebel didn’t say Spectra wants to export from the Florida Gulf coast, but how big of a leap is that, when Spectra is building a pipeline that goes to the Florida Gulf coast?