April 15, 2008 / 8:28 PM / 12 years ago

First cargo at U.S. Northeast LNG site delayed

NEW YORK (Reuters) - The first cargo of liquefied natural gas scheduled for arrival this week at the new Northeast Gateway LNG terminal off the coast of Massachusetts was postponed until May, a United States Coast Guard official said Tuesday.

“The cargo has not arrived. It was scheduled to arrive this Sunday, I believe. It’s been postponed until May,” said Lt. John Kousch of the U.S. Coast Guard in Boston.

The offshore buoy system, completed late last year, is capable of delivering up to 500 million cubic feet of natural gas daily to the New England market, or nearly 20 percent of regional demand.

The site, one of three new U.S. LNG import facilities that were set to receive their first cargoes this week, is owned by Excelerate Energy, which declined to comment on the delay.

European utility RWE AG recently bought half of Excelerate for $500 million.

Earlier on Tuesday, the first load of LNG arrived at the Freeport terminal on the Texas Gulf Coast, while the Sabine Pass LNG terminal in Louisiana received its first cargo on Saturday.

LNG is natural gas cooled to liquid form for loading on special tankers and delivery to receiving terminals where it is regasified and pumped into onshore pipelines.

Reporting by Eileen Moustakis

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