New Fortress Energy pursues Fast LNG in GoM
New Fortress Energy said March 31 it had started the US permitting and regulatory process that could see 2.8mn mt/yr of liquefaction capacity installed in federal waters of the Gulf of Mexico within a year.
Applications have been filed with the US Coast Guard, the US Department of Energy and the US Maritime Administration to site, construct and operate a new offshore LNG terminal about 16 miles off the southeast coast of Grande Isle, Louisiana. It would have the capacity to export about 145bn ft3/year of natural gas, or about 2.8mn mt.
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“This announcement demonstrates the flexibility, efficiency and significance of our innovative Fast LNG solution to bring more affordable, reliable and cleaner fuels to customers around the world,” New Fortress CEO Wes Edens said. “With rapid deployment, this project can play a significant role in supporting our nation’s commitment to our European allies and their energy security as well as support our efforts to reduce emissions and energy poverty around the world.”
The project will access abundant US gas supply by leveraging existing infrastructure, New Fortress said, and procurement of long-lead materials is complete and modular assembly of equipment is underway. Subject to the receipt of all required permits and approvals, New Fortress targets beginning operations in Q1 2023.
The Fast LNG design pairs the latest advancements in modular, mid-size liquefaction technology with jack up rigs or similar offshore infrastructure to enable a much lower cost and faster deployment schedule than today’s floating liquefaction vessels and onshore liquefaction terminals.