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Gulfstream LNG Growth LLC, a greenfield pure gasoline export challenge proposed for Louisiana, has obtained a allow to ship to free commerce settlement (FTA) nations from the U.S. Division of Vitality (DOE).
The agency in March requested an FTA and non-FTA allow for the estimated 237.5 Bcf/d or 4 million metric tons/12 months challenge. In its order, DOE discovered that the Houston-based firm met the necessities for export approval to the 18 FTA nations till the top of 2050.
Gulfstream is the most recent challenge from liquefied pure gasoline veteran Vivek Chandra, founder and fairness shareholder in Texas LNG. A unit of Glenfarne Group grew to become the bulk proprietor and operator of Texas LNG in 2019.
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Chandra stated preliminary financing can be the subsequent focus earlier than the agency seeks approval from FERC.
“We hope to be the primary greenfield LNG challenge to enter the Federal Vitality Regulatory Fee allowing course of since 2019,” Chandra wrote in a put up on LinkedIn. “FERC pre-filing course of to start as quickly as our first tranche of fairness funding is secured.”
The corporate has not signed any agreements for offtake with potential clients, in keeping with DOE filings.
Gulfstream is proposed for a 500-acre website in Plaquemines Parish, LA. The agency reported that it has signed a lease settlement with a land developer, Louisiana 23 Growth Co.
Gulfstream LNG stated it plans to feed the ability with Decrease 48 pure gasoline by way of agreements with Excessive Level Fuel Transmission LLC, Gulf South Pipeline Co. LLC and presumably different regional pipeline operators.
The put up Gulfstream LNG Awarded FTA Export Allow for Louisiana Website appeared first on Pure Fuel Intelligence
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