Lloyds Energy files LNG export application
Published by Francesca Brindle,
Editorial Assistant
Hydrocarbon Engineering,
Lloyds Energy Group LLC has announced it has submitted a formal application with the US Department of Energy (DOE) to export LNG to countries, which have a Free Trade Agreement (FTA) with the US from its proposed facility in Calhoun County, Texas. Lloyds Texas project will be commonly known as Point Comfort LNG. The FTA application is expected to be approved by Spring of 2017. This is one of the first steps in developing the LNG project, which would bring significant and lasting benefits to the South Central Texas Coastal region.
"Lloyds Energy is strongly positioned to meet client demand, and submitting our Point Comfort LNG FTA application is an important first step towards making the final investment decision," said Philip Holland, Lloyds Energy CEO. "The US has an abundant supply of natural gas and the international market has a growing demand for cleaner, more efficient fuel."
Calhoun County Port Authority Board Chairman Randy Boyd, stated, "Our mission at the Calhoun County Port Authority is to stimulate economic development. Point Comfort LNG will bring hundreds of millions of dollars of revenue to the county and state as well as provide hundreds of long term jobs."
Lloyds Energy will utilise two 4.5 million tpy Near Shore Floating LNG vessels, each about the size of an aircraft carrier, as well as additional support barges and onshore facilities. In addition to the jobs created during the construction phase, the project will create approximately 700 direct, long term jobs and thousands of indirect jobs and additional economic benefits.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/17012017/lloyds-energy-files-lng-export-application/
You might also like
Low US distillate consumption reflects slow economic activity and biofuel substitution
The EIA reports that US distillate consumption so far this year is lower than usual because of warm winter weather, reduced manufacturing activity, and continued substitution of biofuels in place of petroleum distillate on the US West Coast (PADD 5).