ChevronTexaco Files Offshore LNG Application

Tuesday, December 03, 2002
ChevronTexaco has submitted a Deepwater Port license application to the Department of Transportation, United States Coast Guard to construct and operate a Liquefied Natural Gas (LNG) receiving and regasification terminal in the U.S. Gulf of Mexico (GOM). The development, also known as Port Pelican, would consist of an LNG ship receiving terminal, LNG storage and regasification facilities, and pipeline interconnection to existing infrastructure to deliver natural gas into the United States interstate gas pipeline network. Audie Setters, general manager of ChevronTexaco Overseas Petroleum's International Gas Group, said the Port Pelican project is evidence of ChevronTexaco's long-term commitment to supplying safer, cleaner and more efficient sources of energy to North America. "We are excited about the prospects for growth of the natural gas business and this LNG receiving and regasification terminal is integral to the company's larger natural gas strategy," he added. ChevronTexaco plans to construct phase one of Port Pelican as an offshore facility, initially designed to process approximately 800 million standard cubic feet of gas per day (MMSCFD). The facility would connect to ChevronTexaco's extensive offshore infrastructure to deliver natural gas to the United States Gulf Coast. Using existing gas supply and gathering systems in the Gulf of Mexico and Southern Louisiana, gas would then be delivered to shippers using the national pipeline grid. Phase two would expand the terminal to accommodate a total of 1600 MMSCFD. A significant volume of natural gas would be provided for power generation, industrial and residential markets in the U.S., as a result of Port Pelican. The design codes and standards applicable to Port Pelican construction and operation will meet or exceed the accepted industry practice for offshore facilities, concrete construction, and LNG regasification processing, including U.S. and European standards. ChevronTexaco's application was filed as a result of completing a sixteen-month technical and commercial evaluation of a LNG receiving and regasification terminal in the GOM. It is estimated the first phase of the facility would be operational by 2006.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Hornbeck Offshore Ride High on Q2 2014 Results

Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014.  Following are highlights for this period and excerpts

Crowley Maritime Open Singapore Office

Crowley Maritime Corp. says it has opened a full-service project management and logistics solutions office in Singapore under the leadership of industry veteran William Hill.

BOEM Extends O&G Lease Comment Period

The Bureau of Ocean Energy Management (BOEM) is extending the public comment period for the Request for Information (RFI) and Comments on the Preparation of the

Finance

Hornbeck Offshore Ride High on Q2 2014 Results

Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014.  Following are highlights for this period and excerpts

BAE Systems Awarded Two Navy Contract Modifications

The US Department of Defense informs it has awarded separate contracts to BAE Systems in Jacksonville and in Norfolk for ship repairs and modifications as follows: 1.

Exxon Mobil Corporation Declares 3Q Dividend

The Board of Directors of Exxon Mobil Corporation yesterday declared a cash dividend of 69 cents per share on the Common Stock, payable on September 10, 2014 to

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Salvage Ship Repair 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: 0.1278 sec (8 req/sec)