Offshore LNG Gets OK for Project

Friday, December 15, 2006
Mass. environmental regulators have given a tentative ok to another proposed offshore LNG unloading buoy off of Gloucester, after getting about $23.5m in concessions to offset any damage to the fishing industry. The Massachusetts Office of Environmental Affairs issued a certificate of approval to Suez LNG to one day bring specially designed liquefied natural gas ships off the state coast and then pump gas through undersea pipelines to storage tanks on land. The more than $1b Suez proposal is the second LNG offshore project approved by the environmental agency.

Excelerate of Texas recently got the agency’s blessing for a similar project - with the same $23.5 million in mitigation concessions. Excelerate wants its offshore unloading buoy to be in the same general area off the coast of Gloucester. The governor must now approve or reject the proposals before proponents can pursue other necessary federal and state permits. Source: Boston Herald

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