Feds OK LNG Terminal off La.

Thursday, January 04, 2007
Petroleum producer McMoRan Exploration Co. has received final approval for a $1 b liquefied natural gas project off Louisiana's coast, including storage caverns in an offshore salt dome, the company announced Thursday.

The go-ahead from MarAd was the last needed for the Main Pass Energy Hub, sources said. The record accompanying the decision was 46 pages long and outlines requirements that will be put into the license.

The facility will handle imported natural gas that has been liquefied in order to take up less space and be more easily transported by tankers. In the LNG process, natural gas is chilled to -256 degrees Fahrenheit, turning it from a gas to a liquid, and moved into heavily insulated storage tanks. From those, reinforced, usually double-hulled tankers with insulated cargo tanks, will bring it to the terminal. There, it will be stored and heated to turn it back from a liquid to a gas. The terminal will cost about $500m, and pipelines -- already approved by the Federal Energy Regulatory Commission -- another $500m.

Gov. Kathleen Blanco vetoed the project last year because McMoRan intended to use an open-loop system using water from the Gulf of Mexico to warm the supercooled liquefied gas. Environmentalists said that would kill an unknown amount of sea life, including fish and fish larvae.

The company changed the design to the more expensive closed-loop technology, which uses some of the gas it imports, rather than seawater, to warm the liquefied gas. The modifications will cost about $30 million, plus $25m a year in revenue lost from the natural gas used in the closed-loop system, Collier said at the time.

The conditions required by the MarAd include demonstration of financial responsibility, compliance with applicable laws and regulations, environmental monitoring and other customary conditions. McMoRan said the facility will be able to regasify up to 1.6b cubic feet of liquid natural gas a day, to store 28 billion cubic feet of LNG in salt caverns, and to deliver up to 3.1 billion cubic feet of natural gas to the U.S. market daily. Source: Business Week

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Rotterdam to Build New Indonesian Port

The Port of Rotterdam Authority has signed a partnership agreement with the Indonesian Port Corporation Pelindo I for the development of a new deep sea port at Kuala Tanjung near to Medan in Sumatra,

Alaska Marine Lines Reduces Fuel Surcharge

Alaska Marine Lines, a marine transportation company providing barge service to and from Alaska and Hawaii, informs it has filed with the U.S. Surface Transportation

SSI to Showcase Marine Information Model

SSI's CAD/CAM ShipConstructor software utilizes a Marine Information Model (MIM) to store a wealth of data that can be leveraged for maintenance, repair and lifecycle support.

LNG

TOTE’s 2nd LNG Containership Launched

Shipping company TOTE and shipbuilder NASSCO on Saturday launched Perla del Caribe, the second of two Marlin Class ships – the first containerships in the world to be powered by natural gas.

HHI Orders Regasification Systems from Wärtsilä

South Korean shipyard Hyundai Heavy Industries (HHI) has ordered two seawater/propane based regasification modules from Wärtsilä. The systems are to be installed

Hitachi Gas Supply System Order for MHI

Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Hitachi Zosen Corporation for a high-pressure gas supply system enabling use of natural gas as fuel in marine engines.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.4706 sec (2 req/sec)