The U.S. Maritime Administration will in the May 11 Federal Register announce the surrender and termination of the Port Dolphin Energy LLC Deepwater Port License.
All actions and obligations required by the license to own, construct and operate a deepwater port, issued to Port Dolphin Energy in May 2010, are terminated. “MARAD has approved this action in response to Port Dolphin’s notification of its decision to abandon its plans to construct and operate the proposed Port Dolphin Energy deepwater port, and surrender its License for the proposed facility,” the agency said.
In August 2015, MARAD received notification from Port Dolphin Energy of its intention to surrender its license to own, construct and operate a liquefied natural gas (LNG) deepwater port proposed for location approximately 28 miles off the western coast of Florida, and approximately 42 miles from Port Manatee, Manatee County, Florida.
Citing “catastrophic changes,” Port Dolphin Energy in September 2015 asked the Federal Energy Regulatory Commission to let it drop prior FERC approvals related to this offshore regasification project. “Since the inception of Port Dolphins’ plan for the Deepwater Port, the natural gas industry has substantially changed,” the FERC request explained. “These changes resulted in the United States becoming an exporter rather than an importer of natural gas. As a result of these changes, Port Dolphin has been unsuccessful in its efforts to negotiate commercial contracts for the proposed Deepwater Port. Therefore, Port Dolphin intends to abandon entirely its plans to construct the Deepwater Port and the onshore pipeline and appurtenant facilities.”
FERC in 2009, before the shale gas boom that has sharply boosted U.S. gas production, granted various certificates and waivers to Port Dolphin allowing the company to construct and operate in Manatee County the onshore portion of a natural gas pipeline associated with Port Dolphin’s proposed deepwater natural gas import port. The purpose of this project was to interconnect the onshore pipeline to an interstate and an intrastate pipeline.