Eagle LNG Terminal

From Global Energy Monitor
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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[1]
  • Parent: The Energy & Minerals Group (EMG)[2]
  • Location: Jacksonville, Florida, United States
  • Coordinates: 30.40879661, -81.61041174 (exact)[3]
  • Capacity: 1 million metric tons per annum (MMmtpa)[4]
  • Status: Proposed, pre-FID
  • Type: Export
  • Trains: 3[4]
  • Cost: US$542 million[5]
  • Financing:
  • Start Year: 2026[6]

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

Import Project Details

  • Owner: Eagle LNG Partners Jacksonville LLC[1]
  • Parent: The Energy & Minerals Group (EMG)[2]
  • Location: Jacksonville, Florida, United States
  • Coordinates: 30.40879661, -81.61041174 (exact)[3]
  • Capacity:
  • Status: Proposed
  • Type: Import
  • Start Year: 2022[7]

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.[8] 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.[9]

As of February 2020, construction was expected to initiate in 2020, with a start-up date in 2022.[7] This is two years later than the original start-up date of 2019.[8]

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.[6] 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.[10]

Articles and resources

References

  1. 1.0 1.1 Application to Amend Export Term for Existing Long-Term Export Authorizations through December 31, 2050. U.S. Department of Energy. November 30, 2020.
  2. 2.0 2.1 Company Overview. Eagle LNG. Accessed May 2022.
  3. 3.0 3.1 Facilities. Eagle LNG. Accessed May 2022.
  4. 4.0 4.1 Eagle LNG export project receives positive initial US environmental review, Hellenic Shipping News, Nov. 18, 2018
  5. Liquefied natural gas plant one step closer to construction approval, Eagle LNG website, Nov. 3, 2019
  6. 6.0 6.1 Mike Mendenhall, Council approves one-year extension for $542 million liquefied natural gas facility, Jacksonville Daily Record, May 25, 2021
  7. 7.0 7.1 EAGLE LNG JACKSONVILLE LNG EXPORT FACILITY, Eagle LNG, accessed Feb. 26, 2020
  8. 8.0 8.1 Projects in Progress, Eagle LNG Partners, accessed May 2017
  9. Ellen Schneider, Eagle LNG gets the green light on LNG Export Facility, Jacksonville Business Journal, Sep. 24, 2019
  10. Mike Mendenhall, Eagle LNG wants extra year to start $542 million North Jacksonville export facility, Jacksonville Daily Record, May 20, 2021

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External resources

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