Texas LNG Submits All Thirteen Draft Resource Reports to the FERC; Forges Technology Alliance Agreement With Honeywell
• Texas LNG achieves a major development milestone – all thirteen draft Resource Reports have been submitted to the Federal Energy Regulatory Commission (“FERC”) as Texas LNG prepares its formal application to site, construct, and operate its proposed two-phase 4 million metric tonnes per annum (“MTA”) LNG export facility in Brownsville, Texas. • Engineering efforts progress as Texas LNG executes Master Framework Alliance Agreement with Honeywell to provide advanced gas pretreatment and automation & controls solutions. • First LNG shipments remain on schedule for 2020.
Houston, Nov. 10, 2015 (GLOBE NEWSWIRE) -- Houston, Texas, November 11, 2015 – Texas LNG Brownsville LLC (“Texas LNG”) is pleased to announce that it has submitted all thirteen draft Resource Reports to the FERC, a key accomplishment in the mandatory US Government regulatory approval process. Completion of this milestone places Texas LNG within a select group of US LNG export projects and demonstrates steady progress towards Final Investment Decision (“FID”).
In addition, Honeywell has entered into a Master Framework Alliance Agreement with Texas LNG to provide state of the art technology solutions in gas pre-treatment and automation & controls.
Submission of Draft Resource Reports to the FERC
The thirteen draft Resource Reports cover a wide range of environmental, engineering, reliability, and safety aspects of the proposed Texas LNG Project and represent the culmination of over 200,000 man-hours of effort by Texas LNG and its technical, environmental and legal advisers.
Following review of the draft documents and a series of expected information requests from FERC, Texas LNG anticipates grant of filing status to Texas LNG and submission of its formal application in early 2016. Submission of the draft Resource Reports is an important milestone in Texas LNG’s plan to receive the permits and approvals to commence construction of its LNG export facility in 1H 2017. Texas LNG remains on track to delivering first shipments of LNG in 2020.
Submitted Draft Resource Reports include:
Resource Report 1 - General Project Description
Resource Report 2 - Water Use and Quality
Resource Report 3 - Fish, Wildlife, and Vegetation
Resource Report 4 - Cultural Resources
Resource Report 5 - Socioeconomics
Resource Report 6 - Geological Resources
Resource Report 7 - Soils
Resource Report 8 - Land Use, Recreation and Aesthetics
Resource Report 9 - Air and Noise Quality
Resource Report 10 - Alternatives
Resource Report 11 - Reliability and Safety
Resource Report 12 - PCB Contamination
Resource Report 13 - Engineering and Design Material
Texas LNG has executed a Master Framework Alliance Agreement with Honeywell to provide gas pre-treatment and automation & control technology. Texas LNG will use Honeywell UOP’s Amine Guard™ FS process to reduce acid gas to very low levels and its proprietary adsorbents to remove water, mercury and sulfur from the natural gas, which is necessary for natural gas liquefaction and LNG transport.
Honeywell also will serve as the integrated main automation & controls contractor. In this role, Honeywell is responsible for designing and delivering (with installation support), the automation, instrumentation, process and safety controls, telecommunications and security, production management systems, and advanced planning and scheduling applications. Honeywell also is assisting Texas LNG with its front end engineering and design (“FEED”) which is a key input in Texas LNG’s FERC application.
Honeywell joins the growing Texas LNG team which includes leading financial, technical, environmental and legal partners including BNP Paribas, Third Point LLC, Samsung Engineering, Air Products, Braemar Engineering, NRG, PSI, K&L Gates, GreenbergTraurig, Royston Rayzor, and others.
About Texas LNG
Texas LNG Brownsville LLC is an independent, Houston-based energy company engaged in LNG-related businesses. Key members of its management and technical team have extensive LNG, gas and large engineering and construction global project experience, as well as long-term relationships in LNG markets. The company is focused on low unit costs, speed to market, LNG offtake flexibility, efficient use of capital, robust technical solutions, and is well positioned to commence Phase 1 production of 2 MTA of LNG (out of a total permitted capacity of 4 MTA) for export to FTA and non-FTA markets in 2020.
Texas LNG’s initial project will be constructed at the Port of Brownsville in south Texas. Texas LNG’s 625-acre site is strategically located on the north shore of the Port of Brownsville's deepwater ship channel in proximity to natural gas supplies. Additional information about Texas LNG may be found on its website at www.txlng.com.
The information and materials in this document are; Provided for informational purposes only and are subject to addition, deletion and modification without notice at the sole discretion of Texas LNG LLC and Texas LNG Brownsville LLC ; Not warranted or guaranteed to be correct, complete or up-to-date. The information and materials could include technical inaccuracies and other errors. ; Provided “As Is” without any representation or warranties of any kind. No liability, direct or consequential, of any kind arising from the use of information and materials contained in this document or linked website is accepted. ; Not to be considered or to be constituted as investment advice or as any type of offer, offer, invitation, solicitation or recommendation in relation to the purchase or sale of any type of financial instruments or security in any jurisdiction.
Any forward looking statements contained in the information and materials in this document are only predictions and are subject to risks, uncertainties and assumptions, many of which are outside the control of Texas LNG LLC or Texas LNG Brownsville LLC or its officers or representatives. These risks, uncertainties and assumptions include commodity prices, currency fluctuations, economic and financial market conditions in various countries and regions, environmental risks and legislative, fiscal or regulatory developments, political risks, project delay or advancement, approvals and cost estimates. Actual values, results or events may be materially different to those expressed or implied in this document. Given these uncertainties, readers are cautioned not to place reliance on forward looking statements.
Readers are strongly advised to complete their own investigations to the accuracy and completeness of the contents of this or any other communication or document, written or oral, provided by or referred to by Texas LNG LLC or Texas LNG Brownsville LLC or its officers or representatives.
This Press Release can be viewed on Nasdaq GlobalNewswire.
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