Replies to This Discussion

Permalink Reply by ledlights on October 14, 2013 at 5:01

Thanks Skip,

I see that you can zoom the map out to get a look at international facilities either planned or under construction.

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Permalink Reply by adubu on October 14, 2013 at 15:50

skip-- what is total BCFD to be exported on approved sites  from USA and begining what dates ?I am having trouble opening icons with that data

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Permalink Reply by Skip Peel - Mineral Consultant on October 14, 2013 at 15:58

adubu, I just post 'em, I can't always explain 'em! LOL!  A quick review shows that if you click on the red icons (approved facilities) you can get individual data such as this:

Sabine Pass Liquefaction, LLC

DOE Review Order: Approved

Location: Cameron Parish, LA

DOE/FE Docket Nu.: 10-111-LNG

 

Date Submitted: September 6, 2010

Date Approved: September 3, 2012

Months Waited:24

 

Volume to be Exported: 2.2 BCFD

 

Value of Exports (Based on current Asian and European prices): $26.83 - $35.33 million per day

 

Capital Investment

Required: $1.6 billion

 

Jobs Created: 3,000 design, engineering, and construction jobs; 150-200 new permanent positions

Source: Export volumes, capital investment, and job estimates are taken from the DOE application, linked above.

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Permalink Reply by adubu on October 15, 2013 at 1:52

Thank Skip -- I know you post it but as I said I could not open all the red icons to review the data so I ask for help to add up totals between the red icons that have been approved and dates LNG ready to export/transport shipments first gas to market

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Permalink Reply by Skip Peel - Mineral Consultant on October 15, 2013 at 2:19

Sabine Pass:  314 BCF/YR over 20 years, Freeport LNG/FLNG Liquefaction: 1.4 BCFD, Lake Charles Exports: 2 BCFD, Dominion Cove Point: 770 MMCFD.

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Permalink Reply by adubu on October 16, 2013 at 1:32

Skip-- FLNG interesting --are these mobile or primary stationary ?

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Permalink Reply by Skip Peel - Mineral Consultant on October 16, 2013 at 1:35

Freeport LNG.  http://www.freeportlng.com/ownership.asp

I have not looked at the facility designs.

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Permalink Reply by Henry on October 15, 2013 at 23:51

Here's an interesting article on LNG exports.  It seems very favorable to the US.

http://www.washingtonpost.com/world/asia-wants-a-piece-of-us-shale-...

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Permalink Reply by Skip Peel - Mineral Consultant on May 11, 2014 at 4:26

COMPANY ACQUIRES LA. SITE FOR LNG PLANT; ANOTHER GETS FINANCING

One gets financing; another buys land

            The Advocate staff report  May 10, 2014

A California company has purchased a Cameron Parish site to develop a $2.4 billion natural gas liquefaction facility, while a Houston firm said Friday it has obtained financing for a liquefied natural gas export terminal on the Mississippi River in Plaquemines Parish.

Southern California Telephone & Energy said Friday that one of its subsidiaries has acquired 232 acres on Monkey Island in Cameron Parish to develop a $2.4 billion natural gas liquefaction facility.

Separately, Louisiana LNG Energy LLC said Friday that it has secured funding from an affiliate of ArcLight Capital Partners LLC for its midscale LNG export terminal on a 200-acre site south of the Port of New Orleans in Plaquemines Parish.

“The ArcLight funding agreement is a significant step in advancing the LLNGE project,” said Jim Lindsay, chief executive officer of LLNGE.

The amount and details of the financing were not disclosed.

Southern California Telephone’s project would be the 12th LNG export facility proposed for Louisiana. Exporters hope to take advantage of the difference between the domestic price of natural gas and the much higher prices fetched in Europe and Asia. Critics of unlimited exports fear they could double the cost of natural gas in America, hurting consumers and derailing a manufacturing renaissance.

SCT&E’s LNG proposed facility would include four LNG production units, each capable of producing 1.1 million tons of LNG per year, said Greg Michaels, chairman and CEO of the parent company.

The Monkey Island site provides deep-water access needed to accommodate large vessels that carry LNG overseas; proximity to the Gulf of Mexico; 3,500 feet of space fronting the Calcasieu River; and 4,000 feet of frontage on the Calcasieu Pass/Cameron Loop on the northern end of the property.

The area is home to one of the biggest natural gas transportation networks in North America and adjacent to several major interstate and intrastate natural gas pipelines, Michaels said.

However, SCT&E has not applied for an export license, according to the most recent information from the U.S. Department of Energy. The export applications list was last updated on March 24.

In January, Michaels said Southern California Telephone was looking at LNG-powered generation projects in several Latin American countries. Subsidiary NEC has signed an agreement with the government of the Dominican Republic to develop a 400-megawatt natural gas-fired power plant.

LLNGE’s proposed project in Plaquemines Parish has an export capacity of 2.2 million tons per year, with deep-water access for large gas carriers. The company will use modular construction to help speed up development and is expected to be in operation in late 2017.

LLNGE has selected Chart Energy & Chemicals Inc. to immediately begin advanced engineering for the project. The plant, made up of four units, will feature Chart’s proprietary liquefaction technology with in-house design and manufacture of all critical equipment. Manufacturing space reservations have been made with Chart for LLNGE’s four units, the company said, to ensure the plant can begin operations in fourth-quarter 2017.

In February, Louisiana LNG Energy asked the federal government for permission to export 2.2 million tons of liquefied natural gas each year for the next 25 years.

LLNGE’s initial lease on the Plaquemines Parish property is good through May 31, 2016. The company has options to renew the lease, with Morgan City Land & Fur Co. of New Orleans, through 2091.

ArcLight is an energy-focused investment firm. The company has invested in coal, oil and gas producers, power generators, biofuels makers and pipeline operators. One of those companies, American Midstream, owns the Midla pipeline.

American Midstream has asked the Federal Energy Regulatory Commission for permission to abandon the leaky pipeline, which provides natural gas to around 11,000 customers in nine parishes in the eastern part of Louisiana. The abandonment plan has drawn fire from the affected communities, as well as local, state and federal politicians. Opponents claim the pipeline’s loss would double or even quadruple consumers’ fuel bills.

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Permalink Reply by tc on May 13, 2014 at 1:47

I wonder how many of these LNG facilities will go bankrupt?  Soon or later we will have one too many for world demand at a profitable prices.  I am sure many of these companies are using the rosiest projections for their projects, forever low US NG prices, forever high international LNG prices, forever low interest rates, no construction cost overruns, no major global economic crisis.

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Permalink Reply by Skip Peel - Mineral Consultant on May 13, 2014 at 2:01

I would think that a number, perhaps a majority, will fail to receive regulatory clearances or obtain financing.  Only a handful will actually be built.  How many is too many is the question and I think lenders will get increasingly wary as more projects clear the regulatory hurdles.

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Permalink Reply by tc on May 13, 2014 at 2:14

Yes it will be a great test to see if the lenders learned anything for the last financial crisis.  I am betting that investors chasing high yields & Wall Street which makes 100s of millions on the financing deal, will allow at least a couple of projects that shouldn't be built find financing.

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