MARAD Approves Deepwater LNG Port

Friday, January 16, 2004
It soon will be easier to import natural gas from fuel tankers, without disruption to shoreline communities and the environment, thanks in part to a new deepwater liquid natural gas (LNG) port approved today by the U.S. Maritime Administration. The LNG port, to be built by El Paso Energy Bridge Gulf of Mexico LLC about 116 miles south of New Orleans in the Gulf of Mexico, is a terminal to process and transfer natural gas received from LNG transport ships to a pipeline system, which will carry the natural gas ashore for distribution to U.S. markets. "This new facility will improve efficiency by eliminating the need for a carrier to come all the way into a shore side port and save money in the process," said U.S. Secretary of Transportation Norman Y. Mineta. Worldwide, natural gas is in plentiful supply. However, the United States holds less than 4 percent of the world reserves. The Deepwater Port Act of 1974, as amended in 2002, recognized the need for new LNG import facilities and provided American industry with the option of constructing new LNG port facilities in the waters beyond the territorial limits of the United States. The construction and operation of deepwater ports will enhance the options available for the importation of natural gas into the United States, thus allowing greater benefits from the economic and environmental advantages of LNG imports. This is the second approval issued under the Deepwater Ports Act; the first approval was issued in November 2003. Maritime Administrator Captain William G. Schubert noted that his agency has three additional applications under review, and expects to receive more. "Natural gas consumption is rising rapidly, and an increased supply is important for our energy independence, he said." Energy Bridge Gulf of Mexico LLC (Energy Bridge GOM) is a wholly-owned subsidiary of El Paso Field Services Holding Company, which is 100 percent owned by El Paso Tennessee Pipeline Company, which is, in turn, a major subsidiary of El Paso Corporation, based in Houston, Texas.
Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Environmental

US Issues Potential Setback to Shell's Arctic Drilling

The Obama administration issued a potential setback to Royal Dutch Shell's  Arctic oil exploration plans on Tuesday, telling the company that established wildlife

Ex-BP Engineer Deserves New Gulf Spill Trial -US Appeals Court

A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday.

Shell Rig Departs for Arctic Despite Protest

U.S. Coast Guard and police boats cleared a way through protesters in kayaks at a Seattle-area port on Tuesday so a drilling ship could head for the Arctic on behalf of Royal Dutch Shell.

LNG

Tanker Converted to LNG-electric Propulsion

Bergen Tankers’ 95-meter-long chemical and product tanker Bergen Viking has returned to service following its conversion from diesel-electric to liquefied natural gas (LNG)-electric propulsion.

Cheniere’s Maiden LNG Spot Deal At $7.20/MMBtu

Cheniere concluded its maiden LNG spot trade earlier this week at for late-July delivery to an Asian buyer, reports Platts quoting a source with direct knowledge of the deal.

Panama Canal Plans LNG Terminal

The Panama Canal Authority (ACP), which administers the canal, is looking at building a Liquefied Natural Gas (LNG) import terminal near the Canal.   The ACP

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Repair Ship Simulators 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: 0.1012 sec (10 req/sec)