Höegh LNG is to go ahead with its Port Meridian Deepwater Port project in the UK, after being granted final approvals.
Höegh LNG is a fully integrated ship-owning company offering long-term floating production, transportation, re-gasification and terminal solutions for Liquefied Natural Gas (LNG).
After Barrow Borrow Council consented to the development of the Höegh’s LNG pipeline route, onshore facilities and access, the company had only to obtain approval for the offshore part of its project from the Department of Energy & Climate Change (Offshore Environment and Decommissioning, OED), before going ahead with its plans.
According to Your Project News, on June 15th the Department of Energy & Climate Change confirmed that a favourable Environmental Impact Assessment approval decision had been given, meaning Höegh could begin proceedings.
The Port Meridian project is for a Floating Re-gasification Unit (FSRU) with two unloading buoys, a large diameter subsea pipeline and onshore facilities connecting it to the UK National Transmissions system (NTS).
Natural gas will be fed continuously to the Port Meridian pipeline from the permanently moored FSRU supplied by standard LNG shuttle tankers through ship-to-ship transfer of LNG.
Alternatively, connecting Shuttle and Regasification Vessels (SRVs) to the two buoy sites can ensure continuous, intermittent or seasonal send-out of natural gas to the pipeline.
It is reported the annual import capacity of the project could be up to 8bn cubic metres, which would represent between five and 10 percent of the UK annual consumption of natural gas.
“This successfully completes more than three years of development work on the project, and confirms Höegh LNG’s strategy to design and develop a new competitive LNG market access into the UK natural gas market,” said Sveinung J. Stohle, CEO of Höegh LNG.
“This is one of several projects of similar kind we have in our portfolio, and we are very pleased with the support the UK regulatory authorities have afforded us in this development. We are now focusing on the commercial part of the project, and are currently discussing with several major companies for the capacity at the terminal.”
“Port Meridian will offer our customers new LNG import capacity and thus the possibility for marketers to diversify their sources and increase the security of supply to their consumers in UK, while LNG owners are offered an alternative and flexible solution for access to the attractive UK natural gas market.”
The new project will offer customers new LNG import capacity and therefore giving them the possibility of diversifying their sources and increase the security of supply to their consumers in UK.
It is thought the first gas delivery will be towards the end of 2013.