Governor Bob Riley Approves TORP’s Application for the Bienville Offshore Energy Terminal

MOBILE, Ala.--()--Alabama Gov. Bob Riley has approved the deepwater port application submitted by TORP Terminal LP for a license to own, construct and operate the Bienville Offshore Energy Terminal, an LNG regasification facility located in the Gulf of Mexico, 63 miles south of Dauphin Island in a water depth of 425 feet.

The Bienville Offshore Energy Terminal will use the award-winning HiLoad Technology and a floating regas ship with no permanent offshore structures. The Terminal will also utilize closed-loop ambient air vaporization, which is a preferred solution of the Environmental Protection Agency (EPA), National Oceanic and Atmospheric Administration (NOAA) and environmental groups.

“The Bienville Offshore Energy Terminal has gathered unprecedented support from local and state officials, business and community leaders, and environmental groups,” said Joe Berno, CEO of TORP Terminal. “TORP Terminal has spent several years designing the terminal to be acceptable to these entities, and we are excited to continue this positive relationship with the state of Alabama. With the Bienville Terminal we plan to offer innovative commercial, as well as technical, solutions to the industry.”

Lars Odeskaug, CEO of TORP LNG, added that, “TORP is currently pursuing several LNG regasification projects worldwide, and the approval of the Bienville Terminal is an important milestone in our efforts to establish TORP as a worldwide LNG terminal developer.”

About TORP Terminal LP

TORP Terminal LP has offices in Houston, Texas and Mobile, Alabama. The company is a limited partnership owned by TORP Technology Inc., TORP LNG AS and Siemens Financial Services, Inc. The company has the rights to utilize the HiLoad technology at the Bienville Offshore Energy Terminal. The HiLoad unit is a floating L-shaped structure that docks onto LNG carriers using a patented friction based attachment system creating no relative motion between the carrier and the HiLoad. The facility is equipped with standard regasification equipment and can accommodate any LNG carrier without the use of special equipment onboard the carrier. The Bienville Terminal uses air for heating the LNG, saving fuel costs and reducing environmental impacts. For more information on TORP Terminal LP, go to www.BienvilleLNG.com

About TORP LNG AS

TORP LNG AS is a privately owned Norwegian company specializing in LNG terminal development and LNG loading technology. The company owns the proprietary HiLoad Technology for LNG regasification and offshore loading of LNG. In addition to the Bienville Terminal, the company is pursuing several other projects for offshore LNG loading and regasification. For more information on TORP LNG AS, go to www.TorpLNG.com.

Contacts

TORP Terminal
Joe Berno, CEO, +1-832-659-7967
Joe.Berno@TorpLNG.com
or
TORP LNG
Lars Odeskaug, CEO, +1-832-818-2778
Lars.Odeskaug@TorpLNG.com

Contacts

TORP Terminal
Joe Berno, CEO, +1-832-659-7967
Joe.Berno@TorpLNG.com
or
TORP LNG
Lars Odeskaug, CEO, +1-832-818-2778
Lars.Odeskaug@TorpLNG.com