Eagle LNG Achieves Major Milestone by Filing FERC Application for Jacksonville LNG Project
Permission to begin construction could be granted by the first quarter
of 2018 with commercial operations in 2019
Eagle LNG Partners (“Eagle LNG”) is pleased to announce it has achieved
a major milestone by filing its formal application with the U.S. Federal
Energy Regulatory Commission (“FERC”) for authorization under Section
3(a) of the Natural Gas Act to site, construct and operate natural gas
liquefaction and export facilities located at a site on the St. Johns
River in Jacksonville, Florida (the “Jacksonville LNG Project” or
“Project”). The proposed Project consists of three liquefaction trains,
and at full build-out, will be capable of producing up to 1.65 million
gallons of LNG per day, or approximately 1 million tonnes per annum.
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The produced LNG will be transported to markets in the Caribbean and
Latin America for power generation. It will also be delivered to local
and regional markets, including marine bunkering and high horsepower
applications for domestic consumption. “The dramatic growth of natural
gas supply in the United States has created abundant and affordable
natural gas reserves that make LNG a competitively priced fuel
alternative to diesel and heavy fuel oil. In addition, natural gas fuel
has significant environmental benefits, reducing air pollution and
carbon emissions,” said Dick Brown, CEO of Eagle LNG. “If Eagle LNG
receives permission from FERC to begin construction by the first quarter
of 2018, we anticipate completion of the Project in 2019,” added Mr.
Brown.
Many Caribbean countries currently rely on petroleum to supply a large
portion of their electricity needs. This Project supports their
tremendous desire and interest to have a cleaner energy solution that
provides a direct and reliable supply of LNG from a liquefaction source
at predictable cost. LNG from this Project also complements greater
penetration of renewables in the region leading to an environmentally
sustainable future.
In addition, this Project is well positioned to support the fueling
needs of the maritime industry. In November 2016 at the 70th meeting of
the Marine Environment Protection Committee, the International Maritime
Organization confirmed the global 0.5% cap on sulphur content in marine
fuel will come into force in 2020. This Project will help the maritime
industry meet this major transition to stricter emissions levels by
producing high-quality LNG for use in marine bunkering.
Eagle LNG strives to maintain a transparent application process.
Interested parties will be able to monitor the Jacksonville Project
application process via our website at www.eaglelng.com
About Eagle LNG Partners
Eagle LNG is a wholly-owned subsidiary of Ferus Natural Gas Fuels LP and
privately-held by The Energy & Minerals Group. Eagle LNG is building LNG
infrastructure across the United States to supply clean-burning,
competitively-priced fuel for the marine, remote power, rail, oil and
gas, and trucking industries. In addition to the Jacksonville LNG
Project, Eagle LNG is constructing the Maxville LNG Project, a domestic
natural gas liquefaction plant located west of downtown Jacksonville,
FL, and a state-of-the-art marine bunkering terminal at Talleyrand in
Jacksonville, FL; both will be operational in the summer of 2017. The
Maxville Project will supply LNG to Crowley Puerto Rico Services to be
used in their LNG-powered Commitment Class ships for U.S. mainland to
Puerto Rico trade. Eagle LNG is based in Houston, TX. For additional
information, please visit www.eaglelng.com.
About The Energy & Minerals Group (EMG)
EMG is the management company for a series of specialized private equity
funds. The firm was founded by John Raymond (majority owner and CEO) and
John Calvert in 2006. EMG focuses on investing across various facets of
the global natural resource industry including the upstream and
midstream segments of the energy complex. EMG has approximately $14.7
billion of regulatory assets under management and approximately $9.8
billion in commitments have been allocated across the energy sector
since inception. For additional information, please visit www.emgtx.com.
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Copyright Business Wire 2017
Source: Business Wire
(January 31, 2017 - 5:30 PM EST)
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