Marine Link
Friday, September 30, 2016

Louisiana LNG Energy Gets Terminal Funding

May 9, 2014

Louisiana LNG Energy said on Friday it has secured funding for its natural gas liquefaction facility being developed in Louisiana, which is expected to begin operations in late 2017.

The company said it has secured funds from an affiliate of ArcLight Capital Partners for the terminal, located south of New Orleans at mile marker 46 along the Mississippi River.

The terminal has export capacity of two million tonnes per annum, with deep water access for very large gas carriers (VLGC), the company said.

The 'mid-scale' LNG export facility will serve export markets with low cost power generation fuels as well as domestic markets with emissions-compliant fuels as an alternative to diesel fuel.

(Reporting by Arpan Varghese in Bangalore; Editing by Paul Simao)



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News