New Jersey Wants Third Natural Gas Pipeline

A Canadian energy company and privately held New York firm are looking to build a deep-water natural gas pipeline off the coast of New Jersey.

The $550 million project, called the Liberty Natural Gas Transmission Project, is being touted by the companies as a clean energy source with minimal environmental impact that won't be visible from the shore.

Under the proposal by Excalibur Energy, a joint venture between the New York-based Global LNG Inc. and Canadian Superior Energy Inc., the pipeline would stretch about 50 miles and have four underwater turrets on the seabed 15 miles due east of Asbury Park. Buoys attached to the turrets would hook up to supply ships.

The liquefied natural gas carried by the ships would be re-gasified onboard and pumped through the turrets into the pipeline, the company said.