TORP files for deepwater port license

TORP (Terminal Offshore Regas Plant) filed an application with the US Coast Guard and the Maritime Administration for a deepwater port license to build, own and operate an LNG receiving terminal in the GoM.

Offshore staff

(US) - TORP (Terminal Offshore Regas Plant) filed an application with the US Coast Guard and the Maritime Administration on Jan. 12, 2006 for a deepwater port license to build, own and operate an LNG receiving terminal in the GoM.

TORP'sBIENVILLE Offshore Energy Terminal will be located approximately 63 mi south of Dauphin Island, Alabama, in 425 ft of water, and will be the first to incorporate the HiLoad Technology for cost-effective offloading of LNG carriers offshore.

Lars Odeskaug, CEO of the Houston-based company explained, "The HiLoad Technology enables us to safely dock onto any LNG carrier, unload and re-gasify the LNG at very attractive rates."

"We selected the site offshore Alabama as our terminal location because of its strategic location downstream of Henry Hub and the high takeaway capacity to some of the best gas markets in the U.S," he added.

Maximum send-out capacity for the terminal is projected at 1.4 Bcf/d. The HiLoad LNG Regas unit can connect to any LNG carrier, up to the largest 250,000-cu m vessel. The technology has received "Approval in Principle" from the classification societies DNV and ABS, and is protected by several patents.

01/31/06

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