A Canadian Energy supply company (http://www.LibertyNaturalGas.com)
The $550 million project, called the Liberty Natural Gas Transmission Project, is being touted by the companies as a clean energy source with minimal impact that won't be visible from the shore.
Under the proposal by Excalibur Company, a joint venture between the New York based Global LNG Inc. and Canadian Superior Energy Inc., the pipeline would stretch about 50 miles and have four underwater turrets on the seabed 15 miles due east of Asbury Park. Buoys attached to the turrets would hook up to supply ships. The liquefied natural gas carried by the ships would be re-gasified onboard and pumped through the turrets into the pipeline, the company said.
If approved by regulators, the pipeline would provide up to 2.4 billion cubic feet of natural gas per day by late 2011 - enough to supply 11 million households.
This article was supplied by http://www.CurrentsNJ.com
