News Release

FOR IMMEDIATE RELEASE

2008 Mar 31

Contact:

Robert Godfrey (207)853-2922

QUODDY BAY LNG ACKNOWLEDGES LACK OF NEED

In an interesting twist of events, Quoddy Bay LNG's deputy project manager Adam Wilson stated that besides the LNG import terminal at Everett, Massachusetts, New England needs only two additional terminals ("LNG import capacity oversupply reported," The Quoddy Tides, March 28.)

Save Passamaquoddy Bay spokesperson Robert Godfrey observed, "It's refreshing that Wilson recognizes only two additional LNG terminals are needed in New England. It's also surprising that Wilson doesn't know about the three new terminals that are all about to go into service supplying New England: (1) Excelerate Energy's new Northeast Gateway LNG terminal offshore from Gloucester, Massachusetts, is ready right now to accept its first cargo, (2) the Suez Neptune terminal off Gloucester -- already permitted -- will be accepting its first cargo near the end of 2009, and (3) the Canaport terminal at Saint John, New Brunswick, that's over 60% complete, and will be accepting its first cargo -- most of which will be piped to the Northeast US -- near the end of 2008. These are three new terminals that will already be supplying New England, proving that Quoddy Bay LNG, Downeast LNG, and Calais LNG are wasted efforts.

"One needs to keep in mind that former FERC Chairman Pat Wood stated in 2005 that only seven-to-nine new LNG terminals would be needed in the entire US, along with expansions and peak shaving facilities. There are now -- including Broadwater in Long Island Sound -- 31 projects already in service, under construction, or permitted by FERC. There is a vast surplus of LNG import capacity.

"This time, Quoddy Bay LNG, itself, has publicly acknowledged it's been chasing a lost cause. Hopefully, they'll now pack up and go home before any more money, time, and effort is wasted, and before more social and economic damage is done," Godfrey concluded.

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Robert Godfrey is webmaster and researcher for Save Passamaquoddy Bay 3-Nation Alliance that opposes LNG development in Passamaquoddy Bay.

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