HOUSTON, TX, and CAMERON PARISH, LA / ACCESSWIRE / November 19, 2015 / SCT&E LNG, Inc. announced today they have selected Air Products and Chemicals, Inc. (APD, a NYSE company) to provide their proprietary propane pre-cooled mixed refrigerant process (AP-C3MR(TM) process) and its Main Cryogenic Heat Exchangers (MCHE) technology, equipment, and related process license for the SCT&E LNG project located on Monkey Island in Cameron Parish, Louisiana.
Greg Michaels, Chairman and CEO, states, "We selected Air Products for this critical component of our project due to their successful history, proven reliability, and safety characteristics. Our offtakers can safely structure their long-term LNG demands on our 20-year fixed price LNG and a technology they know and trust. In December 2015, we will announce our EPC consortium and then begin the project basis of design and related engineering in January 2016. Our project schedule and commencement of the FERC process is directly matched to global LNG demand in 2022 and beyond. We are very excited about this announcement and look forward to 2016!"
The SCT&E LNG project is a 12 mtpa export facility comprised of four liquefaction trains. Each train will have a guaranteed output capacity of 3.0 mtpa. Air Products has a significant number of projects with similar capacity currently in production.
Air Products is the global leader in the supply of LNG technology and equipment. Active in the LNG market since 1968, they have delivered over 100 heat exchangers to LNG facilities worldwide. Their recent projects include Cameron LNG in Hackberry, LA, Dominion's Cove Point LNG project in Lusby, Maryland, and Freeport LNG in Quintana Island, TX.
About SCT&E LNG:
Originally established by Southern California Telephone Company, SCT&E LNG, INC. is a Nevada Corporation and a developer of an LNG export terminal. The SCT&E LNG project is currently modeled as an LNG tolling facility utilizing cryogenic technologies to liquefy natural gas for the exportation of natural gas globally. The SCT&E LNG plan is to liquefy approximately 1.62 billion cubic feet (bcf) per day of natural gas to create approximately 12 million tons per annum (mtpa) of LNG at its future facilities on Monkey Island, Cameron Parish, Louisiana.
Southern California Telephone Company, today doing business as SCT&E, is a successful twenty-year, privately owned United States Public Utility Company. The company was originally founded in 1994 as Wholesale Airtime, Inc. by CEO Greg Michaels. SCT&E is a telecommunications and energy company. SCT&E owns and operates a redundant telecommunications network and maintains facilities on both coasts of the United States. SCT&E holds a U.S. Federal Energy Regulatory Commission (FERC) Authority allowing it to buy and sell energy nationwide. SCT&E LNG has multiple locations, with its corporate office headquartered in Temecula, California.
Safe Harbor:
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks, uncertainties, and assumptions that include expected earnings, future growth and financial performance, and typically can be identified by the use of words such as "expect," "estimate," "anticipate," "forecast," "plan," "believe," "optimistic," "intend," "will," and similar terms. Although SCT&E LNG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially from those anticipated in these forward-looking statements. A variety of factors that could cause actual results to differ materially from those contemplated above include, among others, general economic conditions, hazards customary in the oil, gas and LNG industries, weather conditions, competition and developments in oil, gas and LNG markets beyond the Company's control, the volatility of energy and fuel prices, failure of customers to perform under contracts, changes in the oil, gas and LNG markets, changes in government regulations of markets and of environmental emissions, the condition of capital markets generally, securitization of sufficient capital or a strategic business arrangement to fund its plan of operation, the Company's ability to access capital markets, management resources and infrastructure necessary to support the growth of its business, unanticipated facilities outages, adverse results in current and future litigation, failure to identify or successfully implement acquisitions (including receipt of third party consents and regulatory approvals), failure to acquire or transact on off-take agreements, and other risk factors related to the liquefied natural gas and related and connected business.
All forward-looking statements attributable to SCT&E LNG or persons acting on its behalf are expressly qualified in their entirety by these factors. SCT&E LNG undertakes no obligation to update or revise any forward-looking statements, other than as required under applicable securities laws, whether as a result of new information, future events or otherwise. The foregoing factors could cause SCT&E LNG's actual results to differ materially from those contemplated in the forward-looking statements included in this news release and should be considered in connection with information regarding risks and uncertainties that may affect SCT&E LNG's future results.
CONTACT:
Lisa Musick, Public Relations
SCT&E LNG, Inc.
15021 Katy Freeway, Suite 210
Houston, Texas 77094
lisa.m@sctelng.com
www.sctelng.com
KEYWORDS: SCT&E LNG, Air Products, C3MR Process, Monkey Island Expor,t Natural Gas, Cameron Louisiana, Houston Texas
SOURCE: SCT&E LNG, Inc.
