Think long term and take the time necessary to assemble projects, leaders in the LNG market urged at Hart Energy’s World LNG Fuels 2015 Conference in Houston.

Jim Reddinger, COO and CFO of Stabilis Energy discussed the company’s first LNG plant, which was scheduled to open in mid- February in George West, Texas.

“It takes a lot of time and effort to piece together the entire LNG value chain itself,” he said.

Reddinger also said one-stop providers make it easier for customers. High-horsepower engine users must maintain a long-term point of view, Reddinger said, expressing confidence that LNG is a viable fuel option.

Investors and lenders need to maintain a long-term point of view, Reddinger noted, adding that developing new markets requires risk capital.

Ray Letchem, president of Tulsa, Okla.-based Spectrum LNG, said he’s “convinced that LNG can do great things.” Spectrum is a small producer with LNG plants in Alaska and Arizona, two in development in Stroud, Okla., and another in Arizona.

Don Gongaware, COO of Seattle-based Plum Energy, talked about investors’ expectations, business development and project executions. “All three of these areas need to align,” Gongaware said.

Communication and coordination are important, Gongaware said, adding that regular and open discussions are fundamental to preventing surprises. “These are probably the biggest things that, in my opinion, we need to spend time on and get better at,” Gongaware said.

Plum Energy’s LNG project in North Dakota was expected to start up in mid-February.

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