McMoRan Receives USCG Update on Offshore LNG Project

Tuesday, July 25, 2006
McMoRan Exploration Co. has received correspondence from the U.S. Coast Guard regarding the remaining steps to be completed to obtain a Deepwater Port License for its Main Pass Energy Hub (MPEHTM) project. This information confirms McMoRan's expectation that the work completed to date will enable an expeditious processing of our license application. McMoRan submitted an amendment to its license application with the U.S. Coast Guard and the Maritime Administration (MARAD) on May 31 to obtain approval of its Main Pass Energy Hub project using Closed Loop technology. On July 21, the Coast Guard advised McMoRan that the information provided in the amendment along with information previously provided contain sufficient information to continue processing of the license application to incorporate Closed Loop technology. The Coast Guard also advised that they will prepare an Environmental Assessment (EA) to evaluate the application amendment. The EA will focus on the changes associated with the vaporization technology which was fully evaluated as a reasonable alternative in the Final Environmental Impact Statement published in March 2006. Following publication of the EA, the Coast Guard will conduct final public hearings in the adjacent coastal states, followed by a 45-day period to allow public comment and response by the Governors in the adjacent coastal states (Louisiana, Mississippi and Alabama). After the 45-day comment period, MARAD has up to 45 days to issue a Record of Decision. A copy of the Coast Guard letter outlining the process is being filed with this press release on Form 8-K with the Securities and Exchange Commission. McMoRan expects the EA would be published in late September 2006 with a record of decision by the end of 2006.
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

JV Wins $2bln Freeport LNG Contract in US

A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural

Feds Delay LNG’s Port Ambrose Application

The US Coast Guard and the US Maritime Administration (MARAD) have temporarily suspended their review of the proposed Port Ambrose deep-water LNG import terminal.

Nations Convene for Arctic Maritime Discussion

Citing an increasing need to ensure safety, security and stewardship of Arctic waters, member countries of the Arctic Council gathered at U.S. Coast Guard Headquarters

Tanker Trends

NORDEN CEO: Bulk Market Challenges to Continue

Klaus Nyborg, interim CEO at Denmark-based dry bulk and product tanker shipping company Dampskibsselskabet NORDEN A/S, expects difficult dry cargo market conditions

Helios LPG Pool to Start Operating

Dorian LPG Ltd. today announced the commencement of operations of Helios LPG Pool LLC on April 1st, 2015.  Helios LPG is jointly run by Dorian LPG and Phoenix Tankers Pte.

Stolt-Nielsen Completes Bond Issues

Stolt-Nielsen Limited announced the placement of senior unsecured bonds in a total amount of NOK 1,100 million in a new five-year bond issue carrying a coupon of 3M NIBOR plus 4.

 
 
Maritime Contracts Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1222 sec (8 req/sec)