Gazprom seems to be dominating the energy headlines this week. I came across this article regarding Gazprom’s participation in ExxonMobil’s BlueOcean Energy project but haven’t been able to find any further mention of this in the news.
ExxonMobil’s BlueOcean Energy project is a planned LNG terminal that would sit 20 miles off the coast of New Jersey and deliver natural gas to New York and New Jersey via a subsea pipeline. If Gazprom does indeed have a role in BlueOcean, gas from Russia’s Shtokman field could be heating homes in the NJ/NY region by 2014.
(On a random side note, I had to give a presentation to my NEPA class and chose the Cove Point LNG terminal in the Chesapeake Bay as my topic. Strangely enough, my classmates were fascinated by the subject and asked me dozens of questions. That doesn’t happen very often.)
Exxon offers Gazprom LNG terminal deal
MOSCOW, June 11 (Reuters) – Exxon Mobil Corp offered Russia’s Gazprom a role in a liquefied natural gas regasification terminal on the U.S. East Coast, Itar-Tass quoted Gazprom Deputy Chief Executive Alexander Medvedev as saying on Wednesday.Medvedev said Gazprom could have a role in the terminal’s facilities or become an investor, according to Russian news agency Itar-Tass.
Russia’s Gazprom, the world’s largest natural gas producer, has been expanding steadily around the globe, with projects in the Middle East, Africa and Europe.
Exxon Mobil hopes to build a $1 billion terminal off the New Jersey coast to receive and regasify liquefied natural gas. The company has not yet received the permits for the BlueOcean Energy terminal, which would have the capacity to supply about 1.2 billion cubic feet of natural gas per day to New Jersey and New York.
Exxon was not immediately available for comment. But Andrew Swiger, the executive who runs Exxon’s natural gas business, told Reuters last week that the company was looking at a number of options to secure a gas supply for the terminal.“It may well wind up being an integrated value chain project. It may be something else, but we are working a number of things,” he said.
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