Excelerate drops Lavaca Bay LNG project
Published by Callum O'Reilly,
Senior Editor
LNG Industry,
Excelerate Liquefaction Solutions LLC has filed a letter to the US Federal Energy Regulatory Commission (FERC) informing that it is withdrawing its application to site, construct and operate a floating LNG (FLNG) terminal in Lavaca Bay, Texas, US, as well as the interconnecting pipeline.
Following an internal evaluation of the economic value of the LNG project, Excelerate has requested that FERC permits the application withdrawal and that it terminates the related proceedings.
In a separate letter, Excelerate intends to inform the US Department of Energy (DOE) of its withdrawal of the application to export up to 10 million tpy of LNG for a 20-year term to countries that do not have a Free Trade Agreement (FTA) with the US.
Edited from various sources by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/03092015/excelerate-drops-lavaca-bay-lng-project-1235/
You might also like
S&P Global Commodity Insights: Changing restrictions on Russian gas to Europe would disproportionately impact US LNG exports
Future course of sanctions and flow of Russian gas to Europe could impact up to US$120 billion of investment and 29 million tpy for future US LNG projects, says a new S&P Global Commodity Insights study.
