BlueOcean Energy is a planned floating liquefied natural gas (LNG) offloading and regasification terminal. It will serve the Northeastern and Mid Atlantic United States. Exxon Mobil Corporation announced BlueOcean Energy plan in December 2007.
The terminal with capacity about 9 million tonnes of LNG per annum, will be anchored approximately 20 miles (32 km) off the coast of Asbury Park, New Jersey. It is designed to receive LNG supplies about twice a week, and store the LNG in insulated tanks before delivery to New Jersey and New York markets through a subsea pipeline that will connect to onshore pipelines. The project is estimated to cost more than US$1 billion. It will supply more than five million residential consumers.
ExxonMobil filed for regulatory approval of the project in December 2007. The procedure is expected to take between 18 months and 2 years, including receiving the necessary permits from federal and state agencies, including the Coast Guard and Federal Energy Regulatory Commission. The terminal is expected to begin service around the middle of the 2010s.