Excelerate Energy develop floating liquefaction facility

Excelerate Energy to develop floating liquefaction facility

11:11 AM, 21st May 2012
Excelerate Energy to develop floating liquefaction facility
Rob Bryngelson, President and CEO, Excelerate Energy.

THE WOODLANDS, US: Excelerate Energy is moving forward with the development of the first floating liquefaction facility in the United States utilizing its Floating Liquefaction Storage Offloading vessel (FLSO) technology. The Lavaca Bay LNG project will be located in Port Lavaca, situated between Galveston and Corpus Christi on the Texas Gulf Coast, and will be designed to export liquefied natural gas (LNG) to markets worldwide by 2017.

Excelerate Energy’s FLSO comprises 3 million tonne per annum of production capacity, 250,000 cubic metre of LNG storage, and a fully integrated gas processing plant. With this gas processing capability, the FLSO can accommodate a wide range of gas compositions at its inlet making it well suited for virtually any application near shore or offshore. Front End Engineering and Design (FEED) is in an advanced phase and Excelerate is now entering into discussions with potential off takers and natural gas suppliers as well as investors and potential sources of finance to take the project forward.

“Excelerate Energy applies the same philosophy to its liquefaction vessel design as it does to its regasification vessel fleet – essentially using proven technology in an innovative way to provide more efficient and timely solutions to the LNG industry. Port Lavaca provides us with the unique opportunity to further capitalize on our position as a market leader in floating LNG solutions,” said Rob Bryngelson, President and CEO, Excelerate Energy.

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