ChevronTexaco Corp. has announced that its subsidiary, Port Pelican LLC, has received approval for a Deepwater Port License from the Maritime Administration of the Department of Transportation to construct, own and operate an offshore liquefied natural gas (LNG) receiving and regasification terminal, to be located approximately 40 miles off the Louisiana coastline in the Gulf of Mexico. The development, also known as Port Pelican, will consist of an LNG ship receiving terminal, LNG storage and regasification facilities, and pipeline interconnection to existing offshore infrastructure to deliver natural gas into the United States interstate gas pipeline network via the Henry Hub. The proposed offshore LNG terminal will be constructed using a freestanding concrete Gravity Based Structure (GBS), along with mechanical regasification facilities capable of handling 1.6 billion standard cubic feet of gas per day. The company anticipates beginning construction of the GBS in 2004. Commissioning is projected for 2007, followed by start-up operations.
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