|
26 March 2007 -- SUEZ Energy North America's subsidiary, Neptune LNG LLC, said that its proposed $1 billion Neptune offshore LNG facility in Massachusetts has received its Deepwater Port License. The license will allow Neptune LNG LLC to build, own and operate the Neptune offshore LNG delivery system in Massachusetts Bay.
The Neptune project is being developed to provide between 400 and 750 million cubic feet of natural gas per day—enough to serve 1.5 million to 3 million homes daily.
Neptune LNG anticipates having a fully operational project, including construction of a lateral pipeline connection to HubLine, the existing sub-sea pipeline, specially designed ships and the LNG supply to serve customers in Massachusetts and the rest of New England in 2009.
Demand for natural gas in New England is expected to increase by 1 to 2 percent a year over the next two decades. Massachusetts alone is expected to account for half of the region's natural gas consumption. Project developers said the region could face a shortage of natural gas supply approaching 500 million cubic feet a day in 2010 unless new capacity is added.
SUEZ Energy North America, Inc. is the business unit of SUEZ Energy International responsible for managing SUEZ's positions in the U.S., Mexico and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas, asset-based trading and origination and retail energy sales and related services to commercial and industrial customers.
| 
Articles 
| View all PennWell sites | View all PennWell events
Add RSS Feed
