Lloyds Energy files for FTA LNG export permit

Lloyds Energy files for FTA LNG export permit
Image courtesy of Lloyds Energy

Bermuda-based Lloyds Energy Group submitted a formal application with the Department of Energy to export LNG from its proposed facility to countries which have a free trade agreement with the United States.

The company is looking to export up to 9 million tons of LNG per year (equivalent to approximately 1.25 billion cubic feet of natural gas per day) for a period of 25 years.

The application for the project to be known as Point Comfort LNG, to be located in Calhoun County, Texas, is expected to be approved by spring of 2017, the company said in its statement on Monday.

It is one of the first steps in developing the project, and speaking of the application, Lloyds Energy’s CEO, Philip Holland, said, “submitting our Point Comfort LNG FTA application is an important first step towards making the final investment decision.”

The company intends to utilize two 4.5 mtpa near shore floating LNG vessels, each about the size of an aircraft carrier, as well as additional support barges and onshore facilities, with production expected to begin in 2022.

Each FLNG unit will have an estimated storage capacity of approximately 200,000 cubic meters. The project facilities would allow natural gas to be received via pipeline at the Lloyds Energy terminal, liquefied and loaded from the FLNG units onto LNG carriers.

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >