Excelerate Energy is planning to construct a floating liquefaction facility in Port Lavaca in Texas, US.
The proposed plant will utilise the company's floating liquefaction storage offloading vessel (FLSO) technology and is designed to be able to export liquefied natural gas (LNG) to industrial markets by 2017.
The facility will have a capacity to produce LNG of three million tpa and include 250,000 cubic metres of LNG storage facility, as well as an integrated gas processing plant.
The FLSO plant, with the gas processing capability, can accommodate various gas compositions at its inlet making used for near shore or offshore application.
The processing equipment can be removed and liquefaction capacity can be increased to four million tpa, in cases where gas processing is not required or where pipeline-quality gas is used as the feedstock.
Excelerate is entering into discussions with potential off takers and natural gas suppliers, as well as investors and potential sources of finance to initiate the Front End Engineering and Design (FEED) phase.
The FEED phase is expected to last until the end of 2012. In the initial phase, the LNG project will include one permanently moored FLSO with multiple connections to the onshore natural gas grid in south Texas.
The project also has the potential to expand and includes a second FLSO for a total production capacity of up to eight million tpa.
Excelerate Energy provides LNG storage and regasification services and also develops LNG transportation and regasification infrastructure.