A former oil CEO makes a big bet on new technology for shipping U.S. natural gas to the Caribbean and Latin America
An oil-industry stalwart is hoping to undercut the way most U.S. natural gas is shipped abroad, using a newly patented method he says is cheaper because it requires less upfront investment than the dominant technology, liquefied natural gas or LNG.
Forrest Hoglund, the 86-year-old former chief executive of shale giant EOG Resources Inc., has patented a method of transporting gas called compressed gas liquids, or CGL, with his new company, SeaOne Holdings LLC. The technique allows the gas to be shipped without first separating...
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