Excelerate Proposes First U.S. Floating Liquefaction Plant
Thursday, May 17, 2012
Excelerate Energy has proposed to anchor the first floating LNG plant in the United States in Port Lavaca Bay between Galveston and Corpus Christi, Texas.
The company plans to draw gas from South Texas, particularly from the Eagle Ford shale play, and export it through the widened Panama Canal to the Pacific Basin.
The floating liquefaction storage offloading (FLSO) vessel will be able to produce 3 million tonnes/yr by 2017 with the flexibility to expand to 4 million tonnes/yr.
Excelerate said front end engineering and design should be completed by year-end. The company is in talks with potential gas suppliers, LNG purchasers, and investors/financial firms.
It plans to apply soon with the Department of Energy (DOE) to for a permit to export LNG and to the Federal Energy Regulatory Commission (FERC) for approval to site the FLSO.
For more information: www.excelerateenergy.com
