Port Pelican gets the green light

The Maritime Administration of the US Department of Transportation has approved a port license for ChevronTexaco Corp. subsidiary Port Pelican LLC's offshore LNG terminal. Port Pelican LLC will build, own, and operate an offshore LNG receiving and regasification terminal in the Gulf of Mexico 40 mi. off the Louisiana coastline.

The Maritime Administration of the US Department of Transportation has approved a port license for ChevronTexaco Corp. subsidiary Port Pelican LLC's offshore LNG terminal. Port Pelican LLC will build, own, and operate an offshore LNG receiving and regasification terminal in the Gulf of Mexico 40 mi. off the Louisiana coastline.

The development, which is also known as Port Pelican, will comprise an LNG ship receiving terminal, LNG storage and regasification facilities, and pipeline interconnection to existing offshore infrastructure to deliver natural gas into the US interstate gas pipeline network via the Henry Hub.

"Port Pelican is a key element of our LNG strategy and provides a viable solution to commercialize our large natural gas resources," said John Gass, president of ChevronTexaco Global Gas.

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 bcf/d of gas. The company expects construction of the GBS to begin in 2004. Commissioning is projected for 2007, followed by start-up operations.

ChevronTexaco recently awarded major contracts for front-end engineering design and is securing LNG supplies through Port Pelican.

Port Pelican will be the first deepwater port in the US since the 1976 Louisiana Offshore Oil Port, and will be the first natural gas deepwater port in the world.

11/18/03

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