1106
Galveston Eyed for  $6b LNG Export Terminal
Energy

Galveston Eyed for $6b LNG Export Terminal

A Woodlands-based liquefied natural gas company is considering building a $6 billion export plant on a small island north of Galveston once slated for a LNG import terminal that never materialized.
Galveston Wharves trustees considered leasing 185 acres on the northeast corner of Pelican Island to NextDecade, a privately owned company focused on developing two Texas LNG export facilities, the Fuel Fix reported.
The company has already secured land for a proposed Brownsville project and pending approval by the wharves board Monday, the firm intends to submit the necessary paperwork to start the lengthy permitting process required for such projects.
CEO Kathleen Eisbrenner said the company is in the “final stages” of securing financing for the Pelican Island project.
NextDecade’s proposals join a wave of new proposed LNG export facilities looking to capitalize on abundant supplies of cheap natural gas unlocked in the US shale boom. Chilling natural gas into a liquid allows the fuel to be transported on tanker ships, but companies need federal approval to ship LNG overseas to countries with which the United States doesn’t have free trade agreements.
With a proposed capacity of 6 million tons per year, enough to fill about five tankers per month, the Pelican Island project is a smaller-scale investment than other liquefaction plants proposed for the Gulf Coast.
Houston-based Cheniere Energy plans to add 19.8 million metric tons per year of liquefaction capacity to its Sabine Pass terminal now under construction. The Louisiana terminal is the nation’s first permitted by the federal government to sell gas to customers in non-Free Trade Agreement countries.

 

Short URL : http://goo.gl/OGqfrD

You can also read ...

Russia Says US Sanctions on Iran "Unproductive"
United States' sanctions on Iran's oil industry are...
Oil Coalition Seeks Consensus Ahead of Algiers Summit
With a critical meeting in Algiers fast approaching, a...
China to Cut Solar, Wind Subsidies
China will speed up efforts to ensure its wind and solar power...
Abu Dhabi Planning Biggest Oil  IPO in Decade
Abu Dhabi is pushing ahead with an initial public offering for...
Crude Prises Higher as Supply Concerns Rise
Oil prices rose on Monday as investors worried about the...
New Power Capacity for Sistan-Baluchestan
Operations to build new combined-cycle power plants in...
Abadan  Refinery  Second Phase  on Track
The second development phase of Abadan Oil Refinery in...
ICOFC to Develop  Eight Gas Fields
Iranian Central Oil Fields Company plans to develop eight gas...

Trending

Googleplus