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BlueOcean Energy LNG, Asbury Park, New Jersey

STATUS:  Suspended

TYPE: Natural Gas

OPPOSITION:  Clean Ocean Action

PROSPECT:  Unlikely

BACKGROUND: ExxonMobil Corporation announced in 2007 that it planned to build a floating liquefied natural gas (LNG) terminal 20 miles off the coast of New Jersey.  At the time, onshore LNG facilities had faced significant opposition and permitting hurdles due to their proximity to populated areas, and ExxonMobil reasoned that an offshore facility would address these concerns.  BlueOcean Energy would cost $1 billion to construct and would be able to supply 1.2 billion cubic feet of natural gas per day.  ExxonMobil hoped to secure all necessary permits and begin construction by 2010.

Clean Ocean Action, an environmental group, opposed the project.  It argued that BlueOcean posed major safety and environmental concerns, such as vulnerability to a terrorist attack and destruction of marine habitat.

On November 22, 2010, ExxonMobil announced that it has suspended plans to move forward with the permitting process for BlueOcean.  The company cited a changed natural gas supply and demand outlook for the region as a contributor to its decision.

SOURCES:  New York Times (http://www.nytimes.com/2007/12/12/business/12exxon.html?_r=1);
BusinessWire (http://www.businesswire.com/news/home/20071211006138/en/ExxonMobil-Announces-BlueOcean-Energy-Project-Bring-Needed); Wall Street Journal (http://online.wsj.com/article/BT-CO-20101122-712402.html);
Gulf Times (http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=400453&version=1&template_id=48&parent_id=28);
Rigzone (http://www.rigzone.com/news/article.asp?a_id=53930);
Clean Ocean Action (http://www.cleanoceanaction.org/index.php?id=652; http://www.cleanoceanaction.org/fileadmin/editor_group1/Issues/LNG/Petition.pdf; http://www.cleanoceanaction.org/fileadmin/editor_group1/Issues/LNG/NEW_Petition.pdf)

Last Updated:  November 24, 2010