The U.S. Maritime Administration (MarAd) revealed in a statement that it has approved Neptune LNG’s request for a temporary five-year suspension of its Deepwater Port license.
The Neptune Deepwater Port, located approximately 22 miles northeast of Boston, Massachusetts and 7 miles south-southeast of Gloucester, Massachusett said in its request that recent conditions within the Northeast region’s natural gas market had significantly impacted the Neptune Port’s operational status and its ability to receive a consistent supply of natural gas imports.
As a result, the Neptune Port has remained inactive over the past several years and will likely remain inactive for the foreseeable future. For these reasons, Neptune requested MarAd’s authorization to suspend port operations for a period of five years.
The Neptune LNG Deepwater Port consists of a dual buoy system where specially designed shuttle and re-gasification vessels moor, convert the liquefied natural gas into a vapor, and discharge the fuel into a subsea pipeline.
The natural gas is then transported via the 13-mile-long pipeline lateral that connects to Spectra Energy’s HubLine SM, which delivers the natural gas to consumers in Massachusetts and throughout New England.
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LNG World News Staff, July 29, 2013