Florida's unique geography and mounting energy needs demand an innovative solution that will reliably diversify its energy portfolio. Natural gas is used in Florida almost exclusively to generate electricity, and demand for electricity is expected to increase by more than 37% between 2005 and 2015. Calypso will be capable of delivering over 1 billion cubic feet of natural gas per day directly into the fastest growing portion of the Florida market. This represents approximately 25% of Florida’s peak demand on a hot summer day.
Florida is currently 100% dependent on Gulf Coast sources for its natural gas supply. This lack of diversity can put Florida customers in a vulnerable position, particularly during hurricane season. Calypso's ship-based deliveries of LNG not only offer real geographic diversification, but are also designed to rapidly detach from the buoy and move out of harm's way in the event of severe weather conditions. After a storm passes, Calypso's ships will reconnect to the buoys and quickly resume natural gas delivery into the pipeline system.