NextDecade Takes Aim at Texas City for LNG Export
NextDecade LLC has signed lease agreements with the State of Texas and City of Texas City for a close to 1,000-acre site at Shoal Point for the potential development of a multi-billion dollar liquefied natural gas (LNG) export facility. Texas City owns almost 376 acres at Shoal Point, while the Texas General Land Office manages the adjoining 618 acres of state land. The agreement comes as the State of Texas continues to draw international attention following significant new natural gas finds totaling over 90 trillion cubic feet (tcf) in 2016 and as global buyers increasingly seek new, long-term competitive natural gas supplies to support their energy needs. “Now more than ever, the U.S.
NextDecade in FSRU Deal with Flex LNG
NextDecade Global Solutions, a subsidiary of NextDecade, LLC, and FLEX LNG have signed a Heads of Agreement (HOA) to create a full value chain solution for customers looking to purchase LNG from NextDecade’s Rio Grande LNG export project in Brownsville, TX. Initially, NextDecade and FLEX LNG will develop Floating Storage and Regasification Unit (FSRU) and dockside solutions for international customers of NextDecade’s, with the LNG supply also provided by NextDecade. The agreement will reunite two pioneers of the floating LNG business, NextDecade Chair and CEO Kathleen Eisbrenner and Jonathan Cook who will become CEO of FLEX LNG early next year.
Offshore Gas Terminal Developers Must Decide Level of Interruptibility
Developers of offshore LNG and CNG terminals must decide how much investment to ensure continuous service. The options range from no storage with supply interruptions whenever a ship disconnects from the offloading system, to no storage with two offloading systems designed to accommodate at least one vessel at all times, to offshore liquid storage and possibly underground gas storage with pipeline support to ensure gas is always flowing regardless of weather or operational conditions. To investigate the interruptible versus non-interruptible gas-supply dilemma, Zeus Development has organized a workshop January 29 with presentations from Kathleen Eisbrenner…
LNG's March to the Sea
The LNG industry is beginning to move offshore, in part as a defensive tactic to avoid the safety and security concerns of local citizens to shore-based terminals and, in part, as an offensive move to access more gas reserves and possibly gain manufacturing and scale efficiencies. Project developers and the engineering contractors and equipment manufacturers that support them are working out the technical challenges of marinizing liquefaction, storage, loading, unloading and regas systems. "Moves to offshore facilities will change the economics of LNG project development," said Bob Nimocks, president of Zeus Development Corporation.
