$1b LNG Plant to Cut Costs

Tuesday, January 23, 2007
Gulf of Mexico vessels carrying natural gas spend time and money rumbling up canals and through ports before reaching a terminal to process the cargo — a cost ultimately paid by the consumer. New Orleans-based McMoRan Exploration Co. recently received federal approval to build a $1b liquefied natural gas terminal 16 miles east of the Mississippi River capable of processing 10 percent of the nation’s daily demand of 31 billion cubic feet. Once complete in three years, the facility will cool natural gas to a fraction of its normal size to allow for transfer of bigger loads at cheaper prices as much as 7 cents to 20 cents per 1,000 cubic feet, said a spokesman for McMoRan. And while five other such facilities exist — one off the Texas coastline in the Gulf and another in Lake Charles — McMoRan’s hub is the closest to Louisiana’s shoreline, yet far enough out to service multiple deepwater vessels.

The plant, a 330-ft. tall steel hydraulic platform sprouting from the Gulf waters to heights taller than the Louisiana Superdome, is a modified 1-mile-long hub of abandoned sulfur platforms. When the sulfur industry crashed in the 1980s, McMoRan abandoned the structure but kept the platform for future uses. Source: New Orleans City Business

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

BAE Systems Awarded £201m to Advance Successor Sub Design

The U.K. Ministry of Defence (MoD) has awarded BAE Systems £201 million to further the design of a successor to the Royal Navy's Vanguard class submarines.   The

Top 10 Shipowning Nations by Value

VesselsValue has provided a list ranking the top shipowning nations by value, including the percentage change difference against 2015 figures. Although the

Indonesian Navy Orders MAN Engine for Training Ship

MAN Diesel & Turbo has received an order for an MAN 6L21/31 engine to power a newbuilding cadet training sailing ship for the Defence Ministry of the Republic of Indonesia.

LNG

FSRU Golar Tundra Sold to Golar LNG Partners

Golar LNG Limited has entered into a purchase agreement to sell the Golar Tundra, a floating storage and regasification unit (FSRU), to Golar LNG Partners LP for a sale price of $330 million.

Top 10 Shipowning Nations by Value

VesselsValue has provided a list ranking the top shipowning nations by value, including the percentage change difference against 2015 figures. Although the

GTT, DSME Partner for NO96 Max Development

GTT signs a cooperation agreement with Daewoo Shipbuilding & Marine Engineering aiming at the industrialization of its NO96 Max technology   GTT, a designer of

 
 
Maritime Careers / Shipboard Positions Maritime Standards Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0587 sec (17 req/sec)