============================================================ Stretch your dollars. Make George do double duty with amazing deals from TopOffers. http://click.topica.com/caaacgOb1ddNBb2HgmNb/TopOffers ============================================================HOUSTON (AP) -- The market for liquefied natural gas virtually dried up when
energy prices remained low in the late 1990s, but with prices much higher,
LNG is making a comeback. Houston-based El Paso Corp. is dusting off an LNG
terminal near Savannah, Ga., which was built in the 1970s at a cost of $150
million but mothballed a few years later when energy prices collapsed. The
terminal is scheduled to receive its first shipment of liquefied natural gas
in October. El Paso, Houston-based Enron Corp. and Cheniere are all planning
to spend billions on LNG facilities, indicating they think this corner of the
energy market will last longer this time. The new LNG projects will be
economically viable if natural gas prices remain above $3 per thousand cubic
feet. It's been trading for about $3.25 recently.
Complete story at www.nola.com
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