offshore news
ExxonMobil's Floating Offshore LNG Terminal
Exxon Mobil announced plans to seek regulatory approval for BlueOcean Energy, a floating liquefied natural gas (LNG) receiving terminal to meet the energy needs of New Jersey and New York. The project, as currently envisioned, will have the capacity to supply about 1.2 billion cu. ft. of natural gas per day. Anchored approximately 20 miles off the coast of New Jersey - and reportedly not visible from the shore - the more than $1 billion terminal will be far from shore and away from shipping lanes, ports and recreational areas. "We believe that BlueOcean Energy is a unique and innovative solution to meeting the region's energy challenges," said Ron P. Billings, vice president, Global LNG, ExxonMobil Gas & Power Marketing Company. "BlueOcean Energy will provide significant economic benefits to New Jersey and New York and will help the region achieve its environmental objectives." The BlueOcean Energy floating terminal is designed to receive LNG supplies from double-hulled LNG ships about twice a week, and store the LNG in insulated tanks inside the terminal's double hull. The stored LNG will then be warmed to turn it back into natural gas for delivery to New Jersey and New York markets through a new subsea pipeline that will connect to new and existing onshore pipelines. BlueOcean Energy is at the start of a lengthy and rigorous permitting process involving state and federal agencies, as well as the general public.
For more information, visit www.blueoceanenergy.com
14 MTR
January 2008
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