Deepwater LNG port project

Port Dolphin is a subsidiary of Hoegh LNG, a worldwide leader in the development of floating solutions in the LNG value chain. The new deepwater port located 28 miles off Tampa Bay will allow specially designed LNG vessels to deliver natural gas through an undersea pipeline to connect with the state’s pipeline system four miles inland. The LNG will be returned to a gaseous state onboard the vessels and fed into the pipeline to serve customers across Florida.

Port Dolphin’s deepwater port will have peak sendout capacity to power more than one million homes. When fully operational, Port Dolphin will supply enough natural gas to meet 15 percent of Florida’s needs. Construction is set to begin in 2012 with completion in 2013.

Port Dolphin Energy also announced that it will actively support the Maritime Administration’s “U.S. Crewing Initiative” and seek to provide employment and educational opportunities to American officers and mariners in its operations. Port Dolphin has committed to work to employ U.S. mariners on Port Dolphin vessels serving the port, and to provide support for training initiatives.