U.S. LNG export projects.
They don’t come easy and they don’t come fast since the U.S. began exporting LNG in February 2016 in the midst of extraordinary volumes of natural gas produced here. Fact is, we have a lot of clean energy to share as a preferred fuel over coal to power everything from heat to electricity–and the world is transitioning to national gas. In little more than four years, the U.S. has emerged as an LNG power player with the Gulf Coast emerging as the beacon of exports and five U.S. terminals taking the lead.
And there are more to come.
From the south of La., to Alaska’s great North and South, more LNG processing and export projects are gaining steam. RMR is following the latest news from Pointe LNG and Alaska LNG, both of which have announced new milestones to develop processing facilities and export terminals that, when completed, will process a combined 26 mtpa of LNG.
First up, New Orleans-based Pointe LNG, which first sold in 2015 and later reclaimed in 2018, a 600+ acre site in La.’s Plaquemines Parish. Pointe LNG now has hired financial advisor Whitehall & Company to raise $56 million in development capital to build an LNG facility along the Mississippi River capable of producing 6 mtpa of LNG. Pointe says the project is expected to be the lowest-cost greenfield project of its kind in the U.S., requiring less than seven miles of new pipe to connect with Kinder Morgan’s Tennessee Gas and Southern Natural pipelines. The site will allow for Q-Max LNG carriers—the largest in the world,—two-way water traffic, and potential for future expansion up to 12 mpta.
Next comes Anchorage-based Alaska Gas Development and its proposed Alaska LNG project, which would flow abundant natural gas from Prudhoe Bay on the North Slope, via 800 miles of existing pipe, to a liquefaction and export terminal in Nikiski, southwest of Anchorage. FERC now has approved the project which, when completed, will be capable of exporting 20 mtpa of LNG. Prudhoe Bay on average produces 3.5 BCFD of natural gas.
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