Ocean Point, New Fortress Energy to commence STS transfers in Caribbean

Ocean Point welcomed the first LNG carrier to Dock 8 last week, where it will be moored for transfers on a temporary basis until a permanent operation is established on Dock 6 later in the year. 

The announcement of the company’s new operation follows a three-year process to enable LNG carriers to be moored at Ocean Point’s facility for ship-to-ship transfers and creates a new line of business for the company. LNG will be transferred from large supply vessels to smaller shuttle ships for redistribution across the Atlantic region.

“We are very pleased to start this new operation,” said Ocean Point chief executive Todd Dillabough. “The start-up of this project will provide broad benefits to St Croix and the wider region. Importantly, this project significantly increases access to affordable, reliable, clean LNG fuel in the region to accelerate the regional energy transition.”

Ocean Point Terminals is located in the US Virgin Islands in the Caribbean and facilitates the storage, segregation, blending and global movement of crude oils, fuel oils, LNG, bunker, gasolines, diesel, jet fuel and liquid petroleum gases.

This month, New Fortress Energy obtained an export permit from the Mexican regulator in relation to its Altamira Fast LNG facility. The permit authorises New Fortress Energy to export up to 7.8M tonnes of natural gas through April 2028.