Global Leader in International LNG Industry News

posted in:

  • Home>
  • LNG News
  • >
  • North America,
  • >
  • Macquarie Infrastructure Company’s Hawaii Gas business clears federal hurdle to transporting containerized LNG

Macquarie Infrastructure Company’s Hawaii Gas business clears federal hurdle to transporting containerized LNG

Monday, Jan 21, 2013

Macquarie Infrastructure Company’s (NYSE: MIC) Hawai’iGas business received a decision from the Federal Energy Regulatory Commission (FERC) that is expected to accelerate Hawai’iGas’ proposal to transport containerized liquefied natural gas (LNG) from the U.S. mainland to Hawaii.

“The decision should hasten the implementation of the LNG program at Hawai’iGas and opens the door to reducing the cost of energy in Hawaii.”

In a decision published yesterday, the FERC declined to assert jurisdiction over Hawai’iGas’ proposal, thereby removing a potential federal hurdle to the project. Hawai’iGas sought FERC approval in an August 2012 filing.

The project remains subject to satisfaction of state and local regulatory requirements.

“The FERC’s decision not to assert jurisdiction over the proposed transportation of LNG to Hawaii is a positive step for both the company and the Hawaiian economy,” said James Hooke, Chief Executive Officer of MIC. “The decision should hasten the implementation of the LNG program at Hawai’iGas and opens the door to reducing the cost of energy in Hawaii.”

At current prices LNG is about 25% less expensive than the feedstock used to produce the synthetic natural gas distributed to Hawai’iGas’ utility customers.

In anticipation of the required approvals, Hawai’iGas has secured the equipment necessary for the vaporization of LNG and two LNG shipping containers. The company plans to employ up to 20 containers in a continuous cycle of transport of liquefied natural gas from the U.S. mainland to Hawaii.

Hawai’iGas expects to be prepared to receive a first container of LNG in as little as 60 days, subject to its having obtained required approvals from state and local authorities.

Source: Buisness Wire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

  • Home>
  • LNG News
  • >
  • North America,
  • >
  • Macquarie Infrastructure Company’s Hawaii Gas business clears federal hurdle to transporting containerized LNG

Other LNG News

ConocoPhillips approved for Alaska LNG exports 17-04-2014
Höegh LNG - signing of USD 412 million senior secured credit facility 14-04-2014
Magnolia LNG Project technical services agreement signed with SKEC Group 14-04-2014
Cheniere and Endesa sign 20-year LNG sale and purchase agreement 08-04-2014
Yamal LNG and Fluxys sign cooperation agreement on LNG transshipment 07-04-2014
Canada's West Coast can benefit from marine use of liquefied natural gas (LNG) 03-04-2014
Cheniere and Endesa sign 20-year LNG sale and purchase agreement 03-04-2014
Yokogawa to participate in Gastech 2014 −your global partner in LNG automation 31-03-2014
LNG market development – one of core businesses 28-03-2014
Gazprom and Kuwait addressing cooperation options, including LNG supplies 28-03-2014