The BlueOcean energy liquefied natural gas (LNG) terminal will create significant, long-term benefits for the New Jersey and New York region with safety and environmental protection as top priorities.
Supply reliability
The BlueOcean Energy LNG terminal would deliver about 1.2 billion cubic feet of natural gas every
day – enough to meet the needs of more than 5 million residential consumers.
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Price moderation
Tight natural gas supplies in the Northeast result in price spikes during periods of high demand.
Increasing natural gas supplies can help moderate price volatility.
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Job creation
BlueOcean Energy will provide opportunities for many New Jersey and New York people and companies.
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Energy security
BlueOcean Energy will link to global natural gas resources, enabling the New Jersey and New York
region to diversify its sources of energy supply and strengthening its energy security.
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Economic growth
With an investment of well over $1 billion, the world-class BlueOcean Energy project will generate
economic benefits through construction spending, new jobs, taxes and additional natural gas
to fuel future growth.
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Aligns with the N.J. Energy Master Plan
Clean-burning natural gas from BlueOcean Energy is an ideal complement to the New Jersey Energy Master Plan.
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