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Energy World plans La. LNG terminal to serve company's Asian power plants

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Energy World plans La. LNG terminal to serve company's Asian power plants

An Energy World International Ltd. affiliate said it is planning an $800 million LNG facility at Port Fourchon, La., that would service the company's gas-fired power plants in the Asia-Pacific region and U.S. marine demand.

"Eventually, we hope to export to Jamaica and the wider Caribbean where Energy World is separately proposing to develop [an] LNG hub terminal and gas-fired power plants consistent with our goal of delivering clean and affordable electricity to developing countries on a global platform," Stewart Elliott, chairman and CEO of Energy World Corp. Ltd., said in a Jan. 31 news release.

In addition to eventually producing 2 million tons of LNG a year for export, the company would operate a separate, smaller liquefaction plant that would provide LNG to fuel offshore supply vessels in the Gulf of Mexico. The proposed facility would be constructed on a site of up to 150 acres on port-owned property. The project developer, Energy World (USA) Inc., is part of Energy World International Ltd., which has a controlling interest in the Australian public company Energy World Corp.

The Greater Lafourche Port Commission said it would begin a waterway suitability assessment with the U.S. Coast Guard, which Energy World said would support the project's FERC application.

"While it is still very early in the planning and regulatory process, we are excited to be able to tell the community and our tenants about this potential opportunity to continue to keep Port Fourchon at the very cutting edge of the oil and gas services industry," said Chett Chiasson, executive director of the port commission.

The project would join a long list of proposed LNG export facilities in North America. According to a recent study, more than 60 million tonnes per annum of LNG is expected from projects that already have a final investment decision, with 47 Mtpa anticipated from projects that have not yet received funding but are likely to get it.