The U.S. Maritime Administration has decided to issue a deepwater port license to Suez Energy North America's subsidiary, Neptune LNG LLC to build, own, and operate the Neptune offshore LNG delivery system in Massachusetts Bay. Neptune is the first offshore LNG project on the United States' East Coast to reach this milestone.
The Neptune terminal will be based on the LNG Shuttle and Regasification Vessel System (SRV) developed by Hoegh LNG.
"Having worked with Suez and Neptune for over two years to obtain this license, Hoegh LNG is very satisfied that this major milestone has been reached for the project" said Sveinung Stohle, CEO for Hoegh LNG. "It is our main business strategy to further develop this floating terminal segment in order to continue the growth of the company" he added.
Hoegh LNG, together with partner Mitsui OSK Lines, has two plus one optional 145 000 m3 SRVs on order with Samsung Heavy Industries. The first will be delivered in 2009.