Conoco looks at Dutch LNG terminal

Integrated oil and gas company ConocoPhillips Co. said June 24 that it has agreed with Essent Energie BV to jointly study the feasibility of developing a liquefied natural gas import terminal in the Netherlands.

The companies have targeted a 100-acre possible site for the project at the Port of Eemshaven and have arranged a land-option agreement with owner Groningen Seaports. ConocoPhillips and Essent, the Netherlands’ largest energy company, plan to finish the initial study near the end of the year and then make a decision on how to proceed into the next phase.

A final investment decision may come as soon as 2007, and a terminal could be in operation by 2010, according to ConocoPhillips.

—The Associated Press