Argent LNG export project moves forward

Argent LNG signed a long-term lease agreement for 144 acres at Port Fourchon, La., a big step toward development of a liquefied natural gas (LNG) export facility with a projected capacity of up to 20 million tonnes per annum (MTPA).

The lease is with the Greater Lafourche Port Commission. Argent LNG will also need to secure a waterway suitability assessment and overall federal approval for the LNG facility.

EPC will be Worley and constructed by Kiewit, the facility will have an initial capacity of 10 MTPA at an estimated cost of US$10 billion. Phase two will be to add up to an additional 10 MTPA. Additionally, the facility will feature a smaller-scale plant tailored to supply LNG for next-generation LNG-powered Offshore Supply Vessels (OSVs) in the Gulf of Mexico.

Argent LNG plans to supply fuel to power generation assets across Japan, Southeast Asia, Europe, South America, the Caribbean, and the MENA region, prioritizing reliable energy supply to allied nations across the Americas.

Argent LNG said Port Fourchon is a critical hub for the energy industry, offering unparalleled access to global markets and established infrastructure, making it the perfect location for Argent LNG’s development.

“We are thrilled to partner with the Greater Lafourche Port Commission to develop our LNG facility at Port Fourchon,” said Jonathan Bass, CEO of Argent LNG. “This lease agreement marks a significant milestone in our journey to provide reliable and sustainable energy solutions. We are committed to leveraging the unique advantages of this location to meet the growing global demand for LNG.”