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 June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Hamburg Süd to Acquire CCNI Liner Service

Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile, and Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) with headquarters in Hamburg,

MOL Commended with Quality Ship Awards

MOL Commended for ‘FY2013 Best Quality Ship Award’; MOL president Koichi Muto meets with captain and chief engineer, exchanging views and working to establish a more solid safe operation system.

Gas Prices Help Offset Statoil's Output Drop

Statoil's second quarter 2014 net operating income was NOK 32 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.

LNG

MOL Commended with Quality Ship Awards

MOL Commended for ‘FY2013 Best Quality Ship Award’; MOL president Koichi Muto meets with captain and chief engineer, exchanging views and working to establish a more solid safe operation system.

ABS, MPA to Collaborate on Maritime R&D

ABS and the Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MOU) today to promote maritime research and development (R&D) and innovation.

GTT Wins DSME Order for 9 More Icebreaking LNGCs

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of Liquefied Natural Gas (LNG), announced

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.1567 sec (6 req/sec)