Calypso LNG Deepwater Port Application Deemed Complete By United States Coast Guard
prnewswire.com
Offshore LNG Re-Gasification and Delivery System Will Provide Florida
Customers With a Substantial New Supply of Clean, Reliable and
Competitively Priced Energy
HOUSTON, Nov. 1 /PRNewswire/ -- SUEZ Energy North America's subsidiary,
Calypso LNG, LLC ("Calypso"), today announced it had received a letter from
the United States Coast Guard deeming complete Calypso's application for a
Deepwater Port License. A Notice of Application will be published in the
Federal Register which will start a statutory review period for approval of
a license to build and operate Calypso's proposed offshore liquefied
natural gas facility.
On March 1, 2006, Calypso filed a Deepwater Port License Application
with the U.S. Coast Guard, which has jurisdiction for the permitting,
operation and security for such facilities located in federal waters. The
Calypso Deepwater Port is proposed to be located approximately 10 miles
offshore from Port Everglades, Florida, and will comprise a marine
offloading buoy and anchoring system that will reside approximately 150
feet below the ocean surface when not in use. It will connect to an
undersea pipeline operated by another SUEZ subsidiary, Calypso U.S.
Pipeline, LLC, which has the capacity to transport approximately 800
million cubic feet per day of natural gas to customers in Florida. "The
receipt of the Coast Guard's letter is an important project milestone
because it sets in motion a defined timetable for the regulatory review
process. We can now be confident that the project will remain on schedule
so we are ready to be the first project to deliver an important new source
of energy to the Florida market in early 2010," said Zin Smati, president
and CEO of SUEZ Energy North America.
Besides being a new source of energy, the design of the deepwater port
brings an added measure of reliability to Florida customers who have
experienced prolonged service disruptions due to impacts of major
hurricanes that typically hit the region each year. LNG vessels can
disconnect from the deepwater port to move out of harm's way during severe
weather and then reconnect to the undersea unloading lines as soon as a
major storm has moved out of the area.
A similar project is under development by another SUEZ subsidiary,
Neptune LNG, LLC. The Neptune Deepwater Port will be located off the coast
of Massachusetts to serve Boston and the greater New England market.
Development of this off-shore installation is within schedule and is
targeted to be up and running in 2009.
"Developing a new LNG project is a complex and lengthy undertaking. It
is testimony to SUEZ's global experience and expertise in the LNG sector
that we are able to proceed simultaneously with two important projects
aimed at high growth/high demand markets in the U.S.," said Dirk
Beeuwsaert, CEO of SUEZ Energy International. "The Calypso and Neptune
Deepwater Ports will be located in close proximity to the markets they are
designed to serve and will be operated with sensitivity to their respective
marine environments."
SUEZ is currently the only major energy company that -- in addition to
a diversified LNG supply portfolio -- owns and operates LNG facilities on
each side of the Atlantic Ocean -- at Everett, Massachusetts, serving the
New England market, and at Zeebrugge, Belgium, serving the central European
market.
About the Company:
Based in Houston, SUEZ Energy North America, Inc. is the business unit
of SUEZ Energy International responsible for managing SUEZ's positions
within the energy value chain in the U.S., Mexico and Canada, including
electricity generation and cogeneration, natural gas and liquefied natural
gas (LNG), asset-based trading and origination, and retail energy sales and
related services to commercial and industrial customers.
SUEZ Energy North America owns and/or operates a total of 45 power,
cogeneration, steam, and chilled-water facilities, including those in
construction or development, representing a capacity of more than 5,538 MW
of electricity generation, 6.4 million pounds per hour of steam, and 61,749
tons per hour of chilled water. SUEZ Energy North America's wholly owned
subsidiary, Distrigas of Massachusetts, owns and operates a liquefied
natural gas receiving terminal in Everett, Mass., which began operations in
1971 and currently serves most of the gas utilities in New England and key
power producers, meeting approximately 20 percent of New England's annual
gas demand.
SUEZ Energy International is a business line of SUEZ (NYSE: SZE), which
is an international industrial and services Group that employs 157,650
people worldwide and achieved revenues of 41.5 billion euros or $49.9
billion in 2005.
For more information about these companies and their activities, please
visit the following websites:
SUEZ: suez.com
SUEZ Energy International: suezenergyint.com
SUEZ Energy North America: suezenergyna.com |
