SCT&E Chairman Speaks at LNG 360 Degrees Forum, USA

Greg Michaels, Chairman and CEO of Southern California Telephone & Energy (SCT&E) and subsidiary North Energy Central (NEC), was invited to speak at the annual LNG 360˚ Forum, Latin American & Caribbean in Houston, Texas.

Michaels was featured as an industry leading speaker among the following: Manuel Perez Duduc, President of AES Corporation, Panama, Rudolf Araneda, CEO of GasAtacama, Chile, Javier H. Estrada, Secretaria de Energía, Mexico, and Hugo V. Hodge, CEO of Water and Power, US Virgin Islands.

Chairman Michaels returned from the weeklong conference in Houston, Texas, where the topic of discussion centered on the commercial and strategic opportunities for LNG projects and partnerships in the Americas. Michaels said, “The outlook for LNG in the Caribbean and Latin America looks great. With the development of affordable shale gas here in the United States and the ability to easily export our American natural gas to Free Trade partners, this opportunity will not only benefit and strengthen our neighbors but will create significant long-term jobs right here at home.”

SCT&E is currently looking at LNG-powered generation projects in several Latin American countries where the need for a source of affordable and clean fuel is urgent. SCT&E’s subsidiary, NEC, currently has secured a Memorandum of Understanding with the government of the Dominican Republic to develop a 400 megawatt natural gas fired power plant. While at the conference, Michaels spoke of the challenges and benefits of delivering LNG to Latin America where infrastructure is needed to receive LNG. While in Houston, Michaels met with potential investors and interested equity partners for the project in the Dominican Republic.

[mappress]