CEO Shane Guidry said the company is the first in the U.S to make this type of investment
The first U.S. facility for liquefied natural gas (LNG) bunkering is scheduled to begin operations in Port Fourchon, Louisiana in February of 2014, Oil & Gas Financial Journal reports.
Harvey Gulf International Marine (Harvey Gulf), the company that plans to build and operate the facility, says it will support oil and gas offshore support vessels (OSVs) running on LNG.
“To date, Harvey Gulf is the only company in North America that has committed $400M USD to build, own and operate LNG powered offshore support vessels as well as two LNG fueling docks,” said CEO Shane Guidry.
Shane Guidry, CEO, Harvey Gulf
Harvey Gulf ... has committed $400M
The facility will include two sites, each with 270,000 gallons of LNG storage capacity and the ability to transfer 500 gallons of the fuel per minute.
In addition to fuelling energy industry support vessels, the facility will be able to supply LNG for vehicles.
Harvey Gulf has also ordered its sixth OSV to be built at Gulf Coast Shipyard Group, which the company said will make it the world’s largest owner and operator of LNG powered OSVs.
Harvey Gulf ordered the first U.S. flagged LNG-powered platform support vessel (PSV) in 2011 and has since put more LNG-fuelled vessels into service as part of its “going green” initiative.