Port Dolphin Energy, Port Manatee $30M Deal

Friday, March 19, 2010
Port Manatee

The Manatee County Port Authority approved a long-term $30m agreement with Port Dolphin Energy LLC, providing Fla. with a second major source of natural gas. Port Dolphin officials estimate its project will generate more than $150m in direct economic impact within Manatee County during the next 20 years. Construction of the project is expected to begin in 2012 with completion in 2013.

During the first five years of the agreement, Port Manatee will receive more than $16m in cash and assets, followed by about $15m per year over the remainder of the agreement. The port authority’s approval precedes a pending decision by the U. S. Maritime Administration to issue a deepwater port license to Port Dolphin to construct a liquefied natural gas (LNG) port 28 miles off the coast of Manatee County, Fla. 

With MARAD’s deepwater port license, LNG tankers would arrive at Port Dolphin’s offshore facility and then connect to a new undersea pipeline system that would come onshore at Port Manatee. Port Dolphin’s vessels will be outfitted to re-gasify its cargo of LNG, returning it to a gaseous state onboard the offshore ships.  The natural gas would then be fed into a submerged pipeline, ultimately serving customers throughout Florida.

In addition to its offshore port facility and pipeline, Port Dolphin will also base an operations center at Port Manatee. According to a recent economic impact study, Port Manatee currently contributes more than $2.3b to the region’s economy annually and creates directly or indirectly nearly 24,000 jobs. Florida’s first trans-Gulf of Mexico natural gas pipeline made landfall at Port Manatee in 2002. 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

BSEE, USCG on Sharing Information, Jt Ops

Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno and U.S. Coast Guard Rear Admiral Paul Thomas participated in a luncheon panel discussion

MOL Launches Coastal LNG Transport in Indonesia

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today teamed up with a local partner in Indonesia, PT Pelindo Energi Logistik (PEL; President

Ensco Lost 2 Petrobras Contracts

Ensco Plc has concluded discussions with Petrobras regarding revised commercial terms with respect to some rig contracts.   Ensco 6003 and Ensco 6004 had their contracts terminated effective May 1,

Ports

Concrete Floating Docks Delivered to Boston FD

As a part of a waterfront upgrade project at the Boston Fire Dept Burroughs Wharf Station, a floating dock system of Type 1200 concrete floating docks manufactured

Two New Tugs Built for TNPA

The South African government’s Operation Phakisa: Oceans Economy initiative has yielded more results with the ceremonial launch of two more tugboats built for

China: S.China Sea Criticism Could Have Ramifications

International criticism of China over the disputed South China Sea will rebound like a coiled spring, a Chinese diplomat said on Friday, as a U.S. warship visited

 
 
Maritime Security Naval Architecture Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.0816 sec (12 req/sec)