Conoco Phillips and Mitsubishi have signed an MOU to undertake a joint development of an LNG import terminal at the US West Coast port of Long Beach. Investment of up to $400m will enable the facility to output 700m cu ft of gas daily, rising to 1,000m cu ft during peaks. Operations are due to start in 2008. The LNG will be imported by Mitsubishi from Oman, following the signing of a contract to buy 800,000 tonnes per annum.

Long Beach, where Conoco Phillips wishes to develop a new LNG import terminal