New LNG Receiving Terminal Planned for Long Island Sound

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). TransCanada Corporation (NYSE:TRP )(Calgary, Alberta) and Shell U.S. Gas & Power LLC (Houston, Texas), a subsidiary of the Royal Dutch Petroleum Company (NYSE:RD ) (The Hague, Netherlands) are planning to construct a new $700 million offshore LNG receiving terminal in Long Island Sound under the joint venture name of Broadwater Energy LLC (Riverhead, New York). Located approximately nine miles offshore of Riverhead New York, the proposed terminal will have a regasification and natural gas send out capacity of one billion cubic feet per day, or 1.4 percent of the current North American demand. The new terminal will be a floating storage and regasification unit (FSRU) measuring 1,200 by 180 feet (larger than the U.S. aircraft carrier Enterprise) will be located in approximately 90 feet of water nearly 25 miles from a proposed subsea connection with the existing Iroquois natural gas pipeline system.

The Broadwater FSRU will be designed to have an onboard LNG storage capacity of up to 350,000 cubic meters, which equates to approximately eight billion cubic feet of natural gas. The FSRU is being developed to serve the markets of Connecticut and New York, which had a daily demand in 2000 of 3.8 billion cubic feet per day, not including peak hour demand. Broadwater plans to construct a 25 mile 30" diameter concrete coated pipeline to connect with the Iroquois system. The FSRU and pipeline will be designed with an economic lifespan of at least 30 years.

Broadwater Energy hopes to file for permitting in early 2005 and begin construction on the new LNG FSRU sometime in 2007, with completion targeted for 2010. The Broadwater project is the third LNG project TransCanada has proposed for the North American market. One of those; the Fairwinds LNG proposal was cancelled. There are now nearly 50 proposed LNG receiving terminals being proposed in North America.

For more details see these recent related news articles - Fairwinds Studying Site in Maine for New LNG Receiving Terminal and TransCanada and Petro-Canada Join Forces to Propose Construction of a New LNG Receiving Terminal in Quebec

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