Chevron to Send 500,000-barrel Cargo of Venezuelan Oil to Its Pascagoula Refinery
U.S. oil producer Chevron Corp plans to export this month its first cargo of Venezuelan crude to its Pascagoula, Mississippi refinery following a U.S. license granted last year, according to shipping documents seen by Reuters on Tuesday.The 500,000-barrel cargo of Hamaca heavy crude, to be loaded at state-run PDVSA's Jose port, comes from the Petropiar oil joint venture operated by both companies.As of Tuesday, the tanker scheduled to carry the shipment, the Bahamas-flagged Caribbean Voyager…
US FERC OKs LNG Projects in Mississippi
The Federal Energy Regulatory Commission on Thursday gave final approval to two liquefied natural gas import terminals along the Mississippi coast. The LNG Clean Energy Project, located in the Port of Pascagoula, will be able to send out up to 1.5 billion cubic feet of gas a day. The $450m terminal, which will be owned by the Houston-based private investor group Gulf LNG Energy LLC, will be able to handle 150 LNG tankers a year. Separately, Chevron Corp's Casotte Landing LNG project will be located next to the company's Pascagoula refinery and will process imported LNG for distribution to industrial, commercial and residential customers in Mississippi and the Southeast region, including the growing Florida market. The terminal will be able to send out 1.6 billion cubic feet of LNG a day.
LNG Projects Clear FERC Review
Federal Energy Regulatory Commission (FERC) staff recently said two proposed liquefied natural gas import terminals on the Mississippi coast would not significantly harm the environment, clearing a major hurdle for the projects to win final approval from the agency. The proposed LNG Clean Energy Project that would be located in the Port of Pascagoula would be able to send out up to 1.5 billion cubic feet of gas a day. The $450 million terminal, which would be operated by the Houston-based private investor group Gulf LNG Energy LLC, would be able to handle 150 LNG tankers a year. Separately, Chevron Corp's Casotte Landing LNG project would be located next to the company's Pascagoula refinery and will process imported LNG for distribution to industrial…
