Eos LNG and Barca LNG have been granted liquefied natural gas (LNG) export permits to free trade agreement (FTA) countries by the US Department of Energy (DOE).
In a joint venture, the companies will export up to 584 billion ft3/year of LNG for 25 years from a projected floating liquefaction and storage barge at the Port of Brownsville, Texas.
The companies have chosen to export LNG at the domestic Henry Hub Future price and sell it internationally at the prevailing market rate.
Eos revealed that third party LNG vessels would be loaded from a LNG storage tanker attached to the floating unit via ship-to-ship transfer, before shipping LNG to foreign FTA markets. The company also stated that the FLNG unit would not be reliant on onshore utilities.
Eos and Barca will advance, own and run the FLNG unit.
Edited from various sources by Ted Monroe
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/04122013/eos_and_barca_granted_us_doe_permit_to_export_lng_to_fta_countries/