The terminal, a floating LNG storage and regasification unit moored permanently to the ocean floor, will be sited approximately 14 miles offshore of Oxnard in Ventura County between Santa Barbara and Los Angeles on the California Coast. Proposed by the Australian firm BHP Billiton LNG International, Inc., the project also includes both undersea and onshore pipelines. No comparable LNG facility exists anywhere in the world.
The project is one of several proposed LNG facilities to improve natural gas supplies to the State of California. The contract is valued at $1.56 million with additional options possible.
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