EnergySolutions to Implement PipelineTransporter at Freeport LNG Terminal.HOUSTON -- Energy Solutions International, Inc., the Houston-based leading global supplier of oil and gas pipeline management software, today announced that Freeport LNG LNG (liquefied natural gas): see under natural gas. Development, L.P., (FLNG FLNG Floating Liquefied Natural Gas ) has selected its PipelineTransporter-Gas(R) application to manage gas redelivery nominations at the Freeport liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. (LNG) terminal, now under construction on Quintana Island outside Freeport, Texas. Through the Quintana LNG terminal, FLNG customers will be able to receive LNG shipments from around the world and supply natural gas to industrial and electric power generation markets from Freeport to the Houston Ship Channel The Houston Ship Channel in Houston, Texas is part of the Port of Houston—one of the United States's busiest sea ports. The channel is a conduit between the continental interior and the Gulf of Mexico for both petrochemical products and Midwestern grain. , and beyond. Start-up of the first phase of the terminal is planned for early 2008. EnergySolutions will deploy PipelineTransporter-Gas in July 2007 to assist in the commissioning stages. "PipelineTransporter is an essential component of our information system infrastructure," said Eric Rojas, Information Technology manager of Freeport LNG Development. "EnergySolutions has partnered with us to provide a nomination and scheduling process based on industry best practices and innovative technology. We're looking forward to offering the highest-quality customer service and achieving our goal of becoming the LNG terminal of choice on the U.S. Gulf Coast." PipelineTransporter-Gas is a web- and Windows(R)-based data management system utilized to administer pipeline nominations, scheduling and allocations. The system contains a contract repository for all transporter and shipper agreements, enables third-party customers to nominate gas via the website, provides for balancing of pipeline schedules, certifies actual measurement data versus scheduled transactions, consolidates and allocates actual volume to a customer level, and generates both industry standard and customized reports related to business transactions. "We are extremely pleased that Freeport LNG has selected PipelineTransporter to manage its scheduling needs at one of the first new LNG terminals in the U.S.," said Dr. Jo Webber, chief executive officer of EnergySolutions. "We are confident that our solution will help Freeport to consistently meet customer requirements and achieve their objective of providing high quality, commercially viable LNG terminal services." About Freeport LNG Development, L.P. Freeport LNG Development, L.P. (FLNG), is a Delaware limited partnership, whose sole general partner is owned 50 percent by Michael S. Smith Michael Scott Smith (January 30, 1946–January 2, 2006) was an American Jazz drummer. Based in the Washington D.C. - Baltimore area for most of his 40-year career, Smith played with jazz greats including Dave Liebman, Herbie Hancock, John Abercrombie, Randy Brecker, and 50 percent by ConocoPhillips (NYSE NYSE See: New York Stock Exchange :COP). The limited partners are Michael S. Smith, 45 percent; Cheniere Energy, Inc. (AMEX AMEX See: American Stock Exchange :LNG), 30 percent; Texas LNG Holdings LLC, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Dow Chemical Company The Dow Chemical Company (NYSE: DOW TYO: 4850 ) is an American multinational corporation headquartered in Midland, Michigan. Overview The Dow Chemical Company is currently the second largest chemical manufacturer in the World (after BASF)[1]. (NYSE:DOW), 15 percent; and Contango Contango When the futures price is above the expected future spot price. Consequently, the price will decline to the spot price before the delivery date. Notes: This is the opposite of backwardation. Oil & Gas Company (AMEX:MCF), 10 percent. More information about the Freeport LNG receiving terminal may be found at www.freeportlng.com. About Energy Solutions International Energy Solutions International, Inc. is the leading global supplier of pipeline management software for the oil and gas industry. The company's broad range of integrated products drives excellence in operational efficiency, throughput management, pipeline safety and transaction management. Founded in 1976 and headquartered in Houston, Texas, EnergySolutions serves more than 500 clients in over 70 countries through its offices in the United States, United Kingdom, Dubai, India, China and Canada. For more information about PipelineTransporter-Gas, contact EnergySolutions at info@energy-solutions.com or +1-713-329-1000, or visit www.energy-solutions.com. |
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