US LNG Exports: Pangea Project Gets Green Light

Press Release
Tuesday, February 05, 2013

US Department of Energy grants Pangea LNG Project permission to export LNG from its South Texas LNG Project, Corpus Christi Bay.

The U.S. Department of Energy has granted Pangea long-term, multi-contract authorization to export liquefied natural gas (LNG) to free trade agreement (FTA) nations.

Pangea LNG will be authorized to export up to 8 million metric tons per annum (mtpa) of LNG produced from domestic gas fields for a 25-year term commencing on the date of its first export.  That amount is equal to 1.09 Bcf/day of natural gas.

Pangea LNG has also filed an application with DOE requesting authorization to export LNG to any country with which the U.S. does not have a free trade agreement in effect. That application, which was filed in December, is pending.

"Approval by the US DOE is a positive step forward for this project, which represents a significant investment in the development of the LNG market in the U.S.," said John Godbold , Pangea LNG project director. "Exporting LNG will help stabilize U.S. natural gas prices, grow and sustain drilling and production jobs, and stimulate additional investment in developing the country's gas reserves."

DOE approval of FTA authorization is part of the regulatory process necessary to develop Pangea LNG's new LNG export terminal on a 550-acre site. The site is located on the 45-foot deep La Quinta Ship Channel which is part of the Port of Corpus Christi, the sixth busiest U.S. seaport in terms of tonnage.

The South Texas LNG Project is subject to federal, state and local regulatory approvals with the Federal Energy Regulatory Commission (FERC) acting as the lead federal agency. Pangea will begin the FERC pre-filing process by the second quarter of 2013 and expects the project to be in operation by at least 2018.
 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Houthis: Additional US Warships off Yemen Tightens Seige

A senior official in the Iran-allied Houthi movement said the movement of more U.S. warships into waters off Yemen escalates Washington's role in a Saudi-led campaign

Philippines: China Intimidating Its Fishing Boats

Filipino activists denounced China's coast guard on Tuesday for turning water cannon on Philippine fishing boats in disputed waters, near where hundreds of Filipino

UN: EU Should Do More in Med Migrant Crisis

UN refugee agency calls for intra-European solidarity. The U.N. refugee agency on Tuesday urged European leaders to do more to help Greece and Italy cope with

Ports

US Ports Boost Economic Impacts

Since last nationwide analysis in 2007, U.S. seaport contributions to economy up dramatically    Lancaster, Pa.-based Martin Associates, a provider of economic

SCH Services Anthem of the Seas in Southampton

Terminal operators Southampton Cargo Handling (SCH) are utilizing their considerable experience in handling cruise vessels to service the biggest cruise ship to call in the port of Southampton.

Houthis: Additional US Warships off Yemen Tightens Seige

A senior official in the Iran-allied Houthi movement said the movement of more U.S. warships into waters off Yemen escalates Washington's role in a Saudi-led campaign

LNG

Petronas to Deliver LNG from FLNG in Q1 2016

The world's first floating liquefied natural gas (LNG) project, built by Petronas, is expected to supply its first cargoes in the first quarter of 2016, senior

Underway on LNG

On 17 January 1955, Commander Eugene P. Wilkinson, USN, the first Commanding Officer of USS Nautilus (SSN 571) signaled the memorable and historic message “Underway on nuclear power.

ExxonMobil President Seeks Swift Action on US LNG Exports

The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves

Government Update

UN Urges Europe to Put Asylum at Center of Migrant Debate

The U.N. refugee agency on Tuesday urged European leaders to put the protection of migrants at the center of debate over the crisis in the Mediterranean and to do more to help Greece and Italy cope.

Houthis: Additional US Warships off Yemen Tightens Seige

A senior official in the Iran-allied Houthi movement said the movement of more U.S. warships into waters off Yemen escalates Washington's role in a Saudi-led campaign

Philippines: China Intimidating Its Fishing Boats

Filipino activists denounced China's coast guard on Tuesday for turning water cannon on Philippine fishing boats in disputed waters, near where hundreds of Filipino

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1371 sec (7 req/sec)