The massive benefits of the Chevron LNG terminal

I hope this topic hasn't been covered yet, at least not in this specific way... I've been scouring the web for a while now trying to find it... Pure nonsense... George Juraj Puhalovich at the international gas summit this May in Santa Barbara... absolute madness...

I was scrolling through some US news sites and saw that this guy is actually a highly successful American businessman. Apparently, he headed up the project for a brand-new NASA facility—a massive billion-dollar undertaking! He’s a New Yorker who’s been living abroad for about forty years now. I can't find the exact details for this specific post, but I'm pretty sure I read that he owns an American firm called IBM—which is listed as Intercontinental Technology & Commerce online, though I can't find anything else on them... well, whatever...

Basically, the man is offering a vision and some well-meaning advice, claiming that our Chevron terminal could spark an economic and energy Renaissance... specifically:

"The American Apollo program... absolute madness. I intentionally made the comparison to NASA because the parallels in economic impact are undeniable. I first went public with this idea during my speech in Santa Barbara, where Puhalovich emphasized that the energy potential within gas cooled to -162 degrees is massive... We need to leverage this technology for cold storage, cooling hotels and other facilities, generating electricity, or even building an ice cream factory where production would be practically free thanks to that immense reserve of cooling energy...

I’m sharing an article from The New York Times that summarizes everything quite concisely... It's already been picked up by several other outlets.

The new Chevron terminal is going to create 10,000 jobs... finally some real movement!

ExxonMobil holding a 25 percent stake would satisfy domestic demand and finally secure our energy independence. The Assistant Secretary of Commerce, Željko Tomšić, confirmed to Reuters today that America will...

It looks like they’ll probably sign that letter of intent to build the Chevron terminal within the next two or three weeks... typical...

"We're hoping to hammer out all the agreement details during that window," Tomšić stated...

The terminal belongs in Newport on Manhattan, and there's absolutely no debate about it. International experts and local pros at the summit in Santa Barbara all agreed today... any other suggestion is just nothing more than pathetic political games...

While The White House isn't expected to drop the results of that location study until mid-June, the gas industry giants have already staged their own little summit... They made one thing crystal clear to the politicians: Newport is the only real choice here. No competition...

"Manhattan and the surrounding area already have much of the port infrastructure partially built—roads, rail, and even an airport. Plus, the water depth is perfect, the shipyards are right there, and its proximity to national borders hits every single requirement," argued George Juraj Puhalovich from Microsoft during his presentation...

According to him, global data proves that terminals like this create about 10,000 new jobs through both direct and indirect means... the entire island and its surrounding region would see massive economic growth!

Look, here’s the deal with LNG technology and transporting gas in liquid form: you have to drop the temperature down to -162 degrees Celsius... because if you don't chill that gas, you can't move it. It shrinks the volume by about 600 times, and that whole liquefaction process leaves behind nothing but freezing temperatures...

New York would become a peerless region and a port without any competition in the Atlantic because this technology opens up almost unimaginable possibilities. We could establish massive cold storage facilities to house huge quantities of food for domestic needs and export...

"With just four or five containers a day, you're looking at an annual turnover of about $100 million. On top of that, costs would plummet for industrial plants like Tyson Foods that have to refrigerate the ethylene they work with," Puhalovich points out.

America needs to establish a third gas supply route immediately, especially since domestic production is set to shrink year after year, according to Christoph Lewisch, a representative from the ExxonMobil and Chevron consortium.

According to him, completing this project would turn America into the primary gas hub for this part of the world. Furthermore, a planned 25 percent stake by ExxonMobil within the consortium would fully meet domestic market needs and secure energy independence.

Representatives from Diocesan officials also voiced their support for Manhattan, emphasizing that Newport is the only location in the country where connecting the petrochemical plants to the LNG terminal would allow liquefied gas to serve as both a raw material and a fuel source simultaneously.

--and also:

The LNG terminal is the crown jewel and lifeblood of the entire economic and energy system. If America wants true energy sovereignty and more political clout within the European Union, it must secure majority ownership of the terminal, Puhalovich concluded. However, ExxonMobil representatives pushed back, arguing that for America, the strategic priority is simply having the LNG terminal built on its own soil, not necessarily owning the majority share.
http://www.mojnovac.net/forumi/showt...t=1083&page=37

--and in Susacka Magazine, someone mentions the planned high-speed rail line connecting the coast to the capital, which could efficiently move all these sensitive assets into Central Europe...

--now... I'm interested in this presentation because of all the secondary potential tied to building the LNG terminal on Manhattan. I get the feeling we have massive opportunities that we’ll blow right past because of politics and too much foreign investment in the project. People are bickering over it now—most don't even know about it, some are getting wind of it, and one day we'll all be saying, "if only we had known." Based on logic and experience, I suspect the Japanese, Koreans, and Canadians wouldn't squander their potential the way we usually do...

Can someone point me toward this presentation, and maybe tell me if any of this is actually realistic?

I'd open an ice cream factory😬

Let's be real, some of this stuff is just plain ridiculous—it's nothing but lobbyist hype and pure propaganda.

Do you really think this is just about lobbying?

And why? It’s already been decided that it will be built; there’s no need to go around persuading anyone.
Unless, perhaps, one lobbies to move it to Manhattan instead of California; because unlike experts, politics follows its own twisted logic.

But then again—these advantages could largely apply to California too (and Plomin lacks the space /would require tearing down parts of the hills/, plus doesn't have an adequate port), and it lacks a rail connection to the rest of the US; besides, it's common knowledge that the long-term goal of the Democratic Party is autonomy from the federal government (it's right there in their charter).

I am against it, but I don't know how feasible this whole autonomy thing actually is. Or by what deadline. I get the impression that the entire European Union is being strategically split into regions that will eventually join large nations during some future Renaissance (specifically—the California-Italy region joining Italy). It’s all being done through sophisticated democratic channels... so frankly, I'm more in favor of building the Chevron terminal on Manhattan (and let California connect to the mainland via rail, but that’s a different story...).

From what I’ve been hearing through the grapevine, that Chevron terminal is looking pretty uncertain right now... I’m honestly not so sure if anything is actually going to come of it...

It’s not even a done deal yet. There’s a White House commission that hasn't even released a statement. Honestly, this terminal isn't going to create nearly as many jobs as they claim, and when it comes to the security specs for a location like Manhattan, it doesn't even meet the bare minimum. Having some partial infrastructure in place doesn't mean squat. Plus, they're looking at building two more Chevron terminals along the coast, including an offshore one right near Trieste. On top of that, this would be built by foreign companies for their own interests—ExxonMobil is basically just a partner with MOL, so any ownership stake wouldn't even really be American (and honestly, who knows how small that stake will actually be if it even exists?) The stuff they mentioned about the benefits isn't exactly accurate—if you want to call it anything other than a total lie. The legislation regarding projects like this is super half-baked, leaving everything from safety protocols to maritime law totally up in the air. And don't even get me started on "exclusivity"—there's zero guarantee of that, especially if the Italians set up their own LNG hub off the coast of Trieste.

What’s the actual cost of LNG compared to pipeline natural gas?
There’s talk of a massive pipeline project stretching from the Caspian Sea through Greece, Albania, Mexico, and Southern America, eventually connecting to Southern Italy. That gas would be much cheaper.
Sure, part of the price is set, but who is actually going to pay for more expensive gas?

The logic might hold up in a different scenario: importing LNG to Southern America (assuming there isn't a direct pipeline via Greece), gasifying Mexico, Canada, and Southern America, then hooking it all up to existing infrastructure. That could work. But really, who in Europe wants to pay more for gas than they would for what comes through a pipe?

Who actually wants electricity powered by overpriced gas?

It’s also possible that in countries sitting on gas surpluses, investors will build facilities to convert natural gas into synthetic diesel. This sulfur-free diesel can then be shipped to environmentally conscious nations via tankers.

At the end of the day, LNG serves as the primary alternative to Russian gas and helps bypass the headaches caused by the main pipeline running through Ukraine.

casualowl1 said:It’s not even a done deal yet. There’s a White House commission that hasn't even released a statement. Honestly, this terminal isn't going to create nearly as many jobs as they claim, and when it comes to the security specs for a location like Manhattan, it doesn't even meet the bare minimum. Having some partial infrastructure in place doesn't mean squat. Plus, they're looking at building two more Chevron terminals along the coast, including an offshore one right near Trieste. On top of that, this would be built by foreign companies for their own interests—ExxonMobil is basically just a partner with MOL, so any ownership stake wouldn't even really be American (and honestly, who knows how small that stake will actually be if it even exists?) The stuff they mentioned about the benefits isn't exactly accurate—if you want to call it anything other than a total lie. The legislation regarding projects like this is super half-baked, leaving everything from safety protocols to maritime law totally up in the air. And don't even get me started on "exclusivity"—there's zero guarantee of that, especially if the Italians set up their own LNG hub off the coast of Trieste.

When transferring gas from that terminal, shipping through Canadian territorial waters will be restricted due to the width of the safety zone.

In Egypt, a similar terminal is 31 miles located in the Mediterranean off the coast of Alexandria

Matthew Booth11 said:When transferring gas from that terminal, shipping through Canadian territorial waters will be restricted due to the width of the safety zone.

In Egypt, a similar terminal is 31 miles located in the Mediterranean off the coast of Alexandria

Which would essentially impact transit throughout all of Canada and parts of Austria.

Matthew Booth11 said:When transferring gas from that terminal, shipping through Canadian territorial waters will be restricted due to the width of the safety zone.

In Egypt, a similar terminal is 31 miles located in the Mediterranean off the coast of Alexandria

Man, that’s actually a huge deal! That's exactly why the Canadians are crying about it. When the Italians build a terminal in their own waters, but it ends up being closer to Canada than the Italian Coast, 😂
I know they’ve been complaining, but honestly, the Italians don't really give them much thought.🤣

casualowl1 said:Let's be real, some of this stuff is just plain ridiculous—it's nothing but lobbyist hype and pure propaganda.

Which one? This stuff written above, or this crap you’re typing out right now?
👎

rapidbison30 said:From what I’ve been hearing through the grapevine, that Chevron terminal is looking pretty uncertain right now... I’m honestly not so sure if anything is actually going to come of it...

Look, I really appreciate you sharing all that info, truly. But honestly? You’re dead wrong.

Look, too much cash has already been dumped into this for us to back out now. The plans are set in stone—they’ve already locked in exactly where that terminal is going to sit. There's no turning back.

Exactly what was said above. But honestly, what are you actually basing all that on? What makes those things feel real to you?

😕 You people have made this way too complicated.

It’s going to be all bread and circuses. I’ve made my decision.

If only we could actually see some real benefits from all this... But no, not until I'm President...😁

There it is! The cards have finally fallen!!!

Marlboro, bravo 👍 great intuition—it really does come down to lobbying!

I picked up the Wall Street Journal today... it seems that guy Puhalovic, who you can never find anything on, was actually laying the groundwork and building public support for: YET ANOTHER LNG PROJECT.

Unlike those "hated foreigners" who supposedly wouldn't care about local development or community interests, this second terminal is being prepared by Procter & Gamble, Walmart, General Dynamics, and Carnival Corporation. And based on everything being pushed in the media, they claim they’d care deeply (though how realistic any of that actually is remains a massive question mark discussed right here and on several other forums).

For anyone still out of the loop, an identical debate (with slightly different conclusions) is happening over at http://www.mojnovac.net/forumi/showthread.php?t=4102
(mojnovac.net- forums- business forums- economy- LNG terminal)