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BP Slates $500M LNG Terminal

LOGAN TWP., NJ-The sprawling facility, which would be used to distribute to the Northeast markets, would be the first company-owned terminal in the US. A 2008 completion is anticipated.

By Eric Peterson | Updated on December 08, 2003

LOGAN TWP., NJ-The London-based BP, this country’s biggest producer of natural gas, has four terminal facilities around the US, but they’re all owned by somebody else. Now, the company has proposed to build its own terminal in this Gloucester County community in South Jersey, a sprawling facility that will cost an estimated $500 million to complete.

The company’s announcement of its plans at the end of last week will set in motion a circuitous approval process that will begin with a formal application to the Federal Energy Regulatory Commission. The project also entails approvals at the community and state levels, as well as additional federal scrutiny from the Department of Transportation, the Coast Guard and the EPA.

BP officials expect the approval process to take “at least 18 months,” according to a spokesperson, who adds that construction isn’t likely to begin until at least three years from now. If that schedule holds up, the facility could be up and running by late 2008, according to the spokesperson.

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