OGS and Samsung won Lavaca Bay LNG project FEED
In that respect Excelerate obtained in August 2012 a long-term free trade agreement authorization from the US Department of Energy for its Lacava Bay Floating LNG export project.
From this experience in floating LNG terminals, Excelerate developed the idea to adapt the same technology for an export terminal.
Excelerated selected the Port of Lacava between Corpus Christi and Galveston on the Texas Gulf Coast because of its strategic geographical position between the abundant South Texas gas market and the proximity to the Panama Canal to be widened and to open the Pacific route to Asia to large LNG carriers.
Port of Lacava is well connected to the network of pipelines distributing the natural gas across South Texas and giving the opportunity to Excelerate to diversify its sourcing for export.
Excelerate based its FLSO technology on a vessel 338 meters long and 62 meters wide.
From generic design the Excelerate FLNG would typically include:
– Integrated gas processing plant
– Liquefaction units with a capacity of 3 million t/y of LNG
– Storage capacities of 250,000 cubic meters
In the case the FLNG should be supplied directly with natural gas which has already been processed onshore or on a separate platform, the liquefaction capacity of the FLNG can be increased to 4 million t/y.
Excelerate FLSO designed to be a modular FLNG
According to the contract, the FEED will cover:
– Naval architecture
– Hull structure
– Topsides facilities.
In respect with the facilities already in place on Excelerate Lacava Bay, the FLNG will be sized to liquefy 4 million t/y.
This FEED should be completed on early 2013 to prepare ground for the final investment decision (FID) to be made in following and under the condition to obtain the export permit from the Federal Energy Regulatory Commission (FERC) in the mean time.