Neptune Deepwater Port Suspends Operations Due to Market Conditions
Posted on Jul 17, 2013 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Neptune Deepwater Port Suspends Operations Due to Market Conditions
The U.S. Maritimes Administration has approved Neptune LNG LLC’s (Neptune) request for a temporary five-year suspension of its Deepwater Port license. Neptune, which operates an LNG import facility located approximately 22 miles northeast of Boston and 7 miles southeast of Gloucester, Mass., stated that gas market conditions in the Northeast region had caused the port to be inactive over the past several years, and the port will likely remain inactive for the foreseeable future. Read more in the Federal Register notice.