Eagle LNG Partners LLC announced on Sept. 23 that the U.S. Federal Energy Regulatory Commission (FERC) has issued the order granting authorization for siting and constructing its proposed on-water Jacksonville LNG Export Facility.
The LNG export facility and terminal, planned in Jacksonville, Florida, will have a production capacity of approximately 1.65 million LNG-gallons per day with 12 million LNG-gallons of storage plus marine- and truck-loading capabilities located on-site.
“The FERC authorization for Eagle LNG’s Jacksonville LNG Export facility has been many years and countless hours in the making. As one of only a handful of greenfield LNG project proponents to obtain their FERC Order, and the only project devoted to provisioning small-scale LNG projects in the Caribbean basin, Eagle LNG is one large step closer to delivering clean-burning, affordable, domestically produced U.S. natural gas.” said Sean Lalani, president of Eagle LNG. “Numerous independent studies have shown that sourcing LNG for power generation allows Caribbean island nations the ability to substantially reduce power costs and simultaneously reduce CO2 emissions by 30-40% as compared to fuel oil and coal. Eagle LNG acknowledges that this project would not have been possible without the continued support of the Jacksonville community and key stakeholders regionally and in North Florida.”
Eagle LNG’s Jacksonville LNG Export facility will have a construction cost of approximately $500 million with a continuing positive economic and employment impact for the southeast U.S., State of Florida and the North Florida region.
“Exports in small volumes from our existing Maxville LNG facility are already providing low cost, domestically produced U.S. natural gas as an early, stable fuel source for the Caribbean. The proposed Jacksonville LNG Export facility will not only drive and create economic growth in Florida and the U.S., it is crucial for the expansion of new U.S./Caribbean LNG trade opportunities,” continued Lalani.
In addition to providing the lowest cost U.S. natural gas to the Caribbean basin, once Eagle LNG’s Jacksonville LNG Export Facility is completed and its operations combined with Eagle LNG’s Maxville LNG Facility and the Talleyrand LNG Bunker Station, Eagle LNG will be providing the lowest cost LNG for bunkering in the southeast United States.
Recommended Reading
FERC Says 32 Bcf/d in US LNG Capacity Approved, Not Yet Built
2024-01-29 - The FERC—which has jurisdiction over the siting, construction and operation of LNG export facilities in the U.S.—reported that 18 projects worth 32 Bcf/d of export capacity have obtained approval but are yet to be built.
US Decision on Venezuelan License to Dictate Production Flow
2024-04-05 - The outlook for Venezuela’s oil industry appears uncertain, Rystad Energy said April 4 in a research report, as a license issued by the U.S. Office of Assets Control (OFAC) is set to expire on April 18.
US Orders Most Companies to Wind Down Operations in Venezuela by May
2024-04-17 - The U.S. Office of Foreign Assets Control issued a new license related to Venezuela that gives companies until the end of May to wind down operations following a lack of progress on national elections.
New BOEM Regulations Raise Industry Decommissioning Obligations by $6.9B
2024-04-15 - Under new regulations, the Bureau of Ocean Energy Management estimates the oil and gas industry will be required to provide an additional $6.9 billion in new financial assurances to cover industry decommissioning costs.
Everywhere All at Once: Woodside CEO Touts Current Global Portfolio
2024-03-05 - Meg O’Neill, the CEO of Australian energy giant Woodside Energy, is overseeing the “next wave” of growth projects around the globe, including developments in the Gulf of Mexico, offshore Senegal and further LNG expansion.