Woodside Natural Gas Announces MarAd Agreement

Monday, July 30, 2007
Woodside Natural Gas announced a commitment to U.S. staffing and flagging of its regasification ships for the proposed OceanWay natural gas project. This action was officially conveyed by Steve Larson, President of Woodside Natural Gas, to Sean Connaughton, Administrator of the U.S. Maritime Administration.

OceanWay, a proposed project to provide an alternative source of much-needed natural gas to California, will be one of the cleanest, safest and most secure natural gas delivery systems in the world. OceanWay will use a ship and buoy system to deliver gas to California, unloading at two buoys more than 28 miles offshore, southwest of the Los Angeles Hyperion sewage treatment plant, and connecting into the existing gas network via undersea pipelines.

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