The proposed BlueOcean LNG terminal would be a floating facility located approximately 30 miles off the cost of Long Island, N.Y. The estimated $1 billion ExxonMobil terminal would receive supplies from double-hulled LNG ships and then store it in insulated tanks in the terminal’s double hull.

The facility would deliver approximately 1.2 Bcf/d and would have a capacity of 1.4 Bcf/d. LNG carriers would moor at the floating LNG terminal, which would be tethered in 150 feet of water.

LNG offloaded at the terminal would be regassified and then sent to a new subsea pipeline and existing onshore natural gas pipelines located in the Northeastern United States.

The company filed for regulatory approval of the project in December 2007, and the terminal had been expected to begin service around the middle of 2010. On November 22, 2010, ExxonMobil announced that it was suspending the project, citing changes in the natural gas supply outlook for the region.