Lloyds Energy Files LNG Export Application

Energy Press Releases Tuesday January 17, 2017 14:25
POINT COMFORT, Texas--17 Jan--POINT COMFORT, Texas

Lloyds Energy Group LLC ( http://www.lloyds-energy.com ) announced today it has submitted a formal application with the Department of Energy (DOE) to export Liquefied Natural Gas (LNG) to countries which have a Free Trade Agreement (FTA) with the US from its proposed facility in Calhoun County, Texas. (Link to DOE Application Filing [ https://www.energy.gov/fe/downloads/lloyds-energy-group-llc-fe-dkt-no-17-04-lng   ]) Lloyds Texas project will be commonly known as Point Comfort LNG. The FTA application is expected to be approved by Spring of 2017. This is one of the first steps in developing the LNG project, which would bring significant and lasting benefits to the South Central Texas Coastal region.

(Logo:   http://mma.prnewswire.com/media/457656/Lloyds_Energy_Logo.jpg   )

"Lloyds Energy is strongly positioned to meet client demand, and submitting our Point Comfort LNG FTA application is an important first step towards making the final investment decision," said Philip Holland, Lloyds Energy CEO. "The U.S. has an abundant supply of natural gas and the international market has a growing demand for cleaner, more-efficient fuel."

Calhoun County Port Authority Board Chairman Randy Boyd, stated: "Our mission at the Calhoun County Port Authority is to stimulate economic development. Point Comfort LNG will bring hundreds of millions of dollars of revenue to the county and state as well as provide hundreds of long-term jobs."

Lloyds Energy will utilize two (2) 4.5 MTPA Near Shore Floating LNG vessels, each about the size of an aircraft carrier, as well as additional support barges and on shore facilities. In addition to the jobs created during the construction phase, the project will create approximately 700 direct, long-term jobs and thousands of indirect jobs and additional economic benefits.

Lloyds Energy Group LLC is a subsidiary of LE Group Holding Pte Ltd

Lloyds Energy was established in 2013 with the strategic aim of delivering LNG to the global market through the efficient processing of significant pipeline gas supplies. This aim is achieved by utilizing a near shore LNG concept. Over the course of three years, Lloyds Energy has grown rapidly in the fields of Near Shore LNG, creating a rich quality gas supply and midstream pipeline connection for 1.25 Bcf/d, which is approximately equivalent to 9, MTPA or 468 million mmBtu per year, establishing strong international alliances with off takers and two major engineering groups specializing in LNG, and building a team of experts. Lloyds Energy continues to expand its activities in the LNG supply chain sector through broad and innovative service offerings.

Source: Lloyds Energy

Latest Press Release

ADNOC Named Middle East#s Most Valuable Brand

- Recognition follows unification of ADNOC's brand that has highlighted the scale of its business, its positivecontribution to the UAE's economy and its industry impact - ADNOC forging ahead with transformation into a leading integrated global energy...

Saudi Aramco Recognized as a Leader in the Fourth Industrial Revolution

- Saudi Aramco's Uthmaniyah Gas Plant recognized by the World Economic Forum for its leadership in technology application in Advanced Analytics and Artificial Intelligence Saudi Aramco's Uthmaniyah Gas Plant (UGP) has been recognized by the World...

Sinopec Capital Predicts an End to the Burning Era and a Greener Future Dominated by Electric Vehicles

China Petrochemical Corp. (Sinopec Group) today announced that Huang Wenshang, Chairman of Sinopec's Investment arm, delivered a keynote speech on January 13th at the China EV100 Forum 2019. Supporting emergent technologies to go 'beyond the era of...

LONGi Solar sets new bifacial mono-PERC solar cell world record at 24.06 percent

LONGi Solar has announced that it has achieved a new monocrystalline silicon PERC world record conversion efficiency using commercial wafer (M2) dimensions that exceeds 24 percent for the first time, according to tests carried out by the National Center...

Mainstream Renewable Power Secures EUR90 Million Trade Finance Facility

Mainstream Renewable Power, the leading global developer of wind and solar power plants, has today announced the closure of a new EUR90 million Trade Finance Facility with DNB and HSBC. The agreement represents one of the largest corporate debt raises in...

Related Topics