New Fortress Grand Isle FLNG Terminal

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New Fortress Grand Isle FLNG Terminal is a proposed floating LNG (FLNG) export terminal in the Gulf Coast, USA.[1][2][3] The proposal is delayed as New Fortress focuses on developing New Fortress Altamira FLNG Terminal.[4]

Location

The terminal is proposed to be located about 16 miles off the coast of Grand Isle, Louisiana, USA.[3] The location below shows this approximate distance from the coast.

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Project details

  • Owner: New Fortress Energy Louisiana FLNG LLC[5]
  • Parent company: New Fortress Energy[1]
  • Location: 16 miles off the coast of Grand Isle, Louisiana, USA[1]
  • Coordinates: 29.059022154683706, -89.822602528433 (approximate)
  • Capacity: 2.8 mtpa[2]
  • Status: Proposed
  • Type: Export[1]
  • Start year: 2023[2] (delayed)[6]
  • Cost: $1.4 billion[7]
  • Financing: Financed by New Fortress Energy

Background

The terminal was proposed in late March 2022, in the wake of the European gas crisis and escalating oil and gas impacts from the Russian invasion of Ukraine. Earlier that month, the Biden Administration had promised to deliver an additional 15 bcm to Europe during 2022 than previously planned, and more in future years, to allow Europe to replace Russian gas imports.[2]

New Fortress Energy applied for all permits for a new FLNG facility that would use its modular "Fast LNG" technology, with the intention of making the unit operational by the first quarter of 2023.[1][2] New Fortress Energy said that it intended to finance the facility itself.[8] The facility is estimated to cost roughly US$1.4 billion.[7]

In April 2022, New Fortress Energy applied for the licensing of a deepwater port for the project. The construction would include two new 24-inch pipelines connecting to the Kinetica Energy Express Gas Pipeline.[9]

In March 2023, New Fortress Energy downgraded its forecasted LNG from its facilities. In Q3 2022, the firm stated that it would produce 6.7 mtpa as of 2024-2025. As of March, the firm said that it only expected 1.4 mtpa, or one unit, to be operational between mid-2023 and 2025, which is likely to be New Fortress Altamira FLNG Terminal off the coast of Mexico.[6] The Grand Isle facility is therefore likely delayed.

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 1.4 "New Fortress seeks to build offshore Louisiana LNG plan by Q1 2023". Nasdaq. Retrieved 2022-03-30.{{cite web}}: CS1 maint: url-status (link)
  2. 2.0 2.1 2.2 2.3 2.4 "New Fortress applies for permit to site FLNG unit off US Gulf coast | TradeWinds". webcache.googleusercontent.com. Retrieved 2022-03-31.
  3. 3.0 3.1 "MSN". www.msn.com. Retrieved 2022-03-31.
  4. "New Fortress slashes 2025 'Fast LNG' production | Argus Media". 2023-03-01. Retrieved 2023-10-12.
  5. Deepwater Port License Application: New Fortress Energy Louisiana FLNG LLC. Federal Register. April 25, 2022.
  6. 6.0 6.1 "New Fortress slashes 2025 'Fast LNG' production | Argus Media". 2023-03-01. Retrieved 2023-09-06.
  7. 7.0 7.1 News, Bloomberg (2022-04-06). "Billionaire Outlines Massive LNG Plan to Feed World Hungry for Gas - BNN Bloomberg". BNN. Retrieved 2022-04-07. {{cite web}}: |last= has generic name (help)
  8. Staff, Reuters (2022-03-31). "New Fortress Energy proposes to build first U.S. offshore LNG export facility". Reuters. Retrieved 2022-03-31. {{cite news}}: |first= has generic name (help)
  9. "Deepwater port license application". Federal Register. Retrieved 2022-05-03.{{cite web}}: CS1 maint: url-status (link)

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External resources

External articles