APL (Advanced Production & Loading) Plc has entered into a contract for the design, engineering, and supply of an offshore liquefied natural gas buoy system for Neptune LNG LLC, a subsidiary of Suez.
The STL technology will be deployed for yet another offshore LNG receiving terminal. The value of the contract is approximately USD 60 million and represents APL’s third order for an offshore LNG buoy system in the U.S. Neptune LNG facility, which will be located approximately 10 miles off the coast of Massachusetts, will provide a substantial new supply of natural gas to New England. Final delivery of submerged turret loading (STL) buoy system is expected to take place in May 2009.
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