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.

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