Neptune LNG Deepwater Port Project Receives License From MarAd
SUEZ Energy North America's subsidiary, Neptune LNG LLC, announced today that the Neptune offshore LNG facility has received its Deepwater Port License. Neptune is the first offshore LNG project on the United States' East Coast to reach this milestone. The license will allow Neptune LNG LLC to build, own, and operate the Neptune offshore LNG delivery system in Massachusetts Bay. The Maritime Administration is responsible for issuing a Deepwater Port License under the Deepwater Port Act of 1974. The Neptune project will fill a growing need in Massachusetts and New England as demand for natural gas in New England is expected to increase by 1 to 2% per year over the next two decades, with Massachusetts alone accounting for half of the region's natural gas consumption.
Neptune LNG Deepwater Port Project Receives Approval From MarAd
Suez Energy North America's subsidiary, Neptune LNG LLC, announced that the U.S. Maritime Administration (MarAd) has decided to issue a deepwater port license to the company to build, own, and operate the Neptune offshore LNG delivery system in Massachusetts Bay. Neptune is the first offshore LNG project on the United States' East Coast to reach this milestone. The Maritime Administration is responsible for issuing a deepwater port license under the Deepwater Port Act of 1974 ("Act"). The action by the Maritime Administration to approve a license for Neptune, which is included in its Record of Decision for the Project, follows SUEZ's December 13, 2006, commitment to promote employment opportunities for U.S.
SUEZ Announces Agreement With MarAd
SUEZ Energy North America's subsidiary, SUEZ LNG NA LLC announced an agreement with the U.S. Maritime Administration designed to begin generating employment opportunities for U.S. mariners onboard liquefied natural gas (LNG) vessels. The transport of LNG between countries to meet natural gas needs is a burgeoning international industry, with the international (privately owned) LNG shipping fleet growing at a rate of 15-20% a year. Today, all LNG ships worldwide are flagged under non-U.S. countries. SUEZ' ships, for example, are flagged primarily under Norway and Spain. As a result, there are no U.S.-licensed mariners on these vessels, and the U.S. shipping industry does not currently share in this growing job market.
Plan to Encourage U.S. Mariner Participation in the LNG Industry
SUEZ LNG NA LLC (SUEZ) announced an agreement with the U.S. Maritime Administration designed to begin generating employment opportunities for U.S. mariners onboard liquefied natural gas (LNG) vessels. owned) LNG shipping fleet growing at a rate of 15-20% a year. All LNG ships worldwide are flagged under non-U.S. countries. SUEZ' ships, for example, are flagged primarily under Norway and Spain. As a result, there are no U.S.-licensed mariners on these vessels, and the U.S. shipping industry does not currently share in this growing job market. Through a conference call with reporters, Sean T. Connaughton, U.S. Maritime Administrator said…
