Eagle LNG Terminal

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Eagle LNG Terminal, also called the Jacksonville LNG Terminal, is a proposed LNG terminal in Florida, United States.

Location

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Export Project Details

• Owner: Eagle LNG Partners Jacksonville LLC
• Parent: The Energy & Minerals Group (EMG)
• Location: Jacksonville, Florida, United States
• Coordinates: 30.40879661, -81.61041174 (exact)
• Capacity: 1.65 million gallons per day (0.97 mtpa)
• Status: Proposed, pre-FID
• Type: Export
• Trains: 3
• Cost: US$542 million
• Financing:
• Start Year: 2026

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Import Project Details

• Owner: Eagle LNG Partners Jacksonville LLC
• Parent: The Energy & Minerals Group (EMG)
• Location: Jacksonville, Florida, United States
• Coordinates: 30.40879661, -81.61041174 (exact)
• Capacity:
• Status: Cancelled
• Type: Import
• Start Year: 2022 (delayed)

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Eagle LNG Terminal is a proposed LNG terminal in Florida, United States. If constructed, the facility would serve domestic and international markets by receiving LNG, storing LNG, loading LNG on vessels for export, and domestic fueling.

In April 2019, the U.S. Federal Energy Regulatory Commission (FERC) approved of the project's environmental impacts. In September 2019, FERC granted authorization for construction of the export facility.

As of February 2020, construction was expected to initiate in 2020, with a start-up date in 2022. This is two years later than the original start-up date of 2019.

In May 2021, Jacksonville City Council voted in favour of extending Eagle LNG's deadline to begin the terminal's construction from May 31, 2021 to May 31, 2022. The Council approval also means that the company will have until December 31, 2025, to complete the facility, implying that the terminal would become operational in 2026. Eagle LNG requested the extension due to delays caused by coronavirus-related border closures in certain Caribbean and Central American countries to which it is hoping to export LNG, which in turn had interrupted its efforts to secure contracts with government-owned and private utility companies in these territories. Unidentified Central American and Caribbean Island nations are the intended targets of Eagle LNG's export drive. Company President Sean Lalani commented in November 2019 that Eagle is prepared to spend up to US$1 billion on LNG import infrastructure in the region, with the aim being to use smaller LNG carrier ships to target lower volume, under-served markets which need less supply to operate than utilities in Asian, North American and European counties. The Jacksonville Council voted in December 2019 to provide the project with a Recapture Enhanced Value Grant of up to US$23 million, based on 50% of the expected incremental increase in ad valorem taxes that would accrue from the terminal's operations.

As of 2022, it has been four years since there was evidence of plans for an import facility, and the import project is presumed to be cancelled.

As of May 2023, the sponsor was working to secure federal regulatory approval to complete construction.

In May 2024, the Jacksonville Business Journal reported that Eagle LNG had secured financing to build the plant. The company received three mortgages totaling US$110 million from OIC Investment Agent LLC.