Avocet LNG acquiring assets for proposed export project

Avocet LNG acquiring assets for proposed export project

TC Offshore filed an application with the Federal Energy Regulatory Commission for an order permitting and approving the abandonment by sale to Avocet LNG, of its Grand Chenier system. 

The Grand Chenier system comprises jurisdictional transmission and non-jurisdictional gathering facilities designed to gather and transport gas from the West Cameron Area, offshore Louisiana, in a northerly direction to the Grand Chenier Station in Cameron Parish, Louisiana, TC Offshore said in its filing.

Avocet LNG proposed the acquisition of the underutilized system and repurposing to serve as a part of its Deepwater Port LNG export project.

The project would involve a mooring system to be built in federal waters near the terminus points of the Grand Chenier System and floating liquefaction natural gas vessels located at the moorings.

Once acquired by Avocet, the Grand Chenier System facilities would be repurposed to flow natural gas from the pipeline grid in a southerly direction to the offshore mooring sites and the FLNGVs. On board the FLNGVs, the gas would then be liquefied, stored, and ultimately loaded onto carriers for export.

TC Offshore which is indirectly owned by TransCanada and Avocet LNG already executed an asset purchase agreement in December last year.

Avocet LNG is owned by Fairwood Peninsula Energy, which is also the parent company of Delfin LNG, the developer of a similar Deepwater Port LNG export project offshore Louisiana.

 

LNG World News Staff

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