 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 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.