ConocoPhillips and Sound Energy Solutions, a subsidiary of Mitsubishi Corporation, will develop an import terminal for liquefied natural gas in the Port of Long Beach, California.


The proposed terminal will be able to handle approximately 5mn tonnes of LNG per year. Moreover, it will be able to supply cleaner-burning LNG to the local transportation market.


“Combining the skills, assets, and long histories of both Mitsubishi and ConocoPhillips in the LNG business will allow us to provide the City of Long Beach and the state of California with a state-of-the-art facility that will help clean the air and provide stability in the natural gas market,” Tom Giles, president of Sound Energy Solutions Terminal, says.


“The SES terminal would help strengthen the company’s portfolio of natural gas projects around the world,” says ConocoPhillips “Rick Hernandez, executive vice-president, Sound Energy Solutions Terminal.


ConocoPhillips and Mistubishi’s SES will each have a 50% stake in the joint venture company, SES Terminal. They expect a final investment decision to construct the terminal in the first half of 2006 after obtaining all necessary government approvals and permits. The terminal is expected to be completed in 2009.


ConocoPhillips has an active liquefaction facility in Kenai, Alaska, as well as others at various stages of development in Australia, Nigeria, Qatar, Russia, Venezuela and other countries.