Excelerate Energy has revealed plans for the development of the first floating liquefaction facility in the US.
Built on its floating liquefaction storage offloading vessel (FLSO) technology, the Lavaca Bay LNG project will be located in Port Lavaca, situated between Galveston and Corpus Christi off the Texas Gulf Coast.
Port Lavaca has direct access to the south Texas natural gas market, the Atlantic Basin through the Gulf of Mexico, and access to the Pacific basin with the widening of the Panama Canal.
Excelerate Energy president and CEO Rob Bryngelson said, "Port Lavaca provides us with the unique opportunity to further capitalize on our position as a market leader in floating LNG solutions."
Initially, the Lavaca Bay LNG project will comprise of one permanently moored FLSO with multiple connections to the onshore natural gas grid in South Texas.
Excelerate Energy’s FLSO will have 250,000 m3 of LNG storage, and a gas processing plant with 3 million tonnes per annum (MTPA) of production capacity, which will be expanded to 8 MTPA after the addition of a second FLSO.
The company plans to complete engineering design by the end of 2012 and finish construction in about 44 months from final investment decision.
The first export of liquefied natural gas to global markets is expected by 2017.
