Pointe LNG Terminal
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
Pointe LNG Terminal, also known as Louisiana LNG Terminal, is a cancelled (inferred 4 y) LNG export terminal in United States.
Location
Table 1: Location details
| Name | Location | Coordinates (WGS 84) |
|---|---|---|
| Pointe LNG Terminal | Mile 46, Plaquemines Parish, Louisiana, United States | 29.859605, -89.991638 (approximate) |
The map below shows the approximate location of the terminal:
Project Details
Table 2: Infrastructure details
| Name | Facility type | Status | Capacity | Total terminal capacity | Offshore | Associated infrastructure |
|---|---|---|---|---|---|---|
| Pointe LNG Terminal | export[1] | cancelled (inferred 4 y) | 6 mtpa | 6.0 mtpa | False | Tennessee Gas Pipeline, Southern Natural Gas (SNG) Pipeline; Tennessee Gas Pipeline, Southern Natural Gas Pipeline[2] |
Table 3: Cost
| Name | Facility type | Cost | Total known terminal costs |
|---|---|---|---|
| Pointe LNG Terminal | export[1] | US$4,000,000,000 | US$4,000,000,000 |
Financing
No financing data available.
Table 4: Project timeline
| Name | Facility type | Status | Proposal year | FID year | Construction year | Operating year | Inactive year |
|---|---|---|---|---|---|---|---|
| Pointe LNG Terminal | export[1] | cancelled (inferred 4 y) | 2015 | 2022 (Pre-FID)[3] | – | –[4][4] | 2024 (cancelled) |
Ownership
Table 5: Ownership
| Name | Facility type | Status | Owners | Parent companies | Operator |
|---|---|---|---|---|---|
| Pointe LNG Terminal | export[1] | cancelled (inferred 4 y) | Pointe LNG LLC; Pointe Pipeline Company LLC[1][1] | Pointe LNG LLC; Pointe Pipeline Company LLC | – |
Background
In 2015, a LNG export terminal was proposed at the site of Pointe LNG Terminal and was originally named Louisiana LNG Terminal, after the original developer, Louisiana LNG Energy LLC. Development stalled in 2015 when Louisiana LNG Energy LLC was acquired by Parallax Enterprises LLC, and Cheniere Energy Inc. began co-sponsoring the project. Relationships soured for other reasons and FERC terminated the project's pre-filing review due to inaction. After Parallax and Cheniere failed to continue development, Pointe LNG, LLC rebranded the project[5].
Pointe LNG has chosen a 600-acre site on the East bank of the Mississippi River (Left Descending Bank) at Mile Mark 46, in Plaquemines Parish, Louisiana. It will include oversized storage tanks and dock for possible future growth, as well as a pipeline, and a liquefaction plant. The Anticipated costs for 6 mtpa is estimated at US$535 per ton.[6] The project is expected to be supplied by Kinder Morgan's existing Tennessee Gas Pipeline and Southern Natural Gas (SNG) Pipeline.[7]
In February of 2019, FERC issued a Notice of Intent to prepare an Environmental Impact Statement (EIS).[8] As of June 2020, the project remains in the prefiling phase with FERC. A final investment decision is projected to take place in 2022, following which the terminal would potentially be operational by 2026.[9]
In December 2020, Pointe LNG disclosed that it had a letter of intent from a customer to buy 1.5 million tons of LNG per year. The company declined to disclose the buyer, citing a confidentiality agreement.[10]
In November 2021, FERC terminated a pre-filing review for the export terminal, citing a no progress since 2018.[11]
There have been no project updates in over two years, and the project is presumed shelved as of 2022.
There have been no project updates in over four years, and the project is presumed shelved as of 2024.
Financing
In May 2020, Pointe LNG hired Whitehall & Co. as financial adviser, tasked with raising US$4 billion from investors for the project's realization. An initial US$56 million of development capital is to be raised from investors by the third quarter of 2020. Whitehall & Co. has also been tasked with securing offtake agreements for the project.[9] By the end of 2020, Pointe LNG said it had received letters of intent for 45% of the project equity.[10] As of May 2021, there were no reported finance developments concerning the project.
After FERC terminated a pre-filing review for the project in November 2021, a co-founder of the project stated that Pointe LNG was raising funds to complete the permitting process and reach a FID within 24 months thereafter.[11]
Articles and Resources
Additional data
To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 https://www.pointelng.com/new-page-2.
{{cite web}}: Missing or empty|title=(help) - ↑ https://ijglobal.com/articles/147503/lng-developer-launches-capital-raise.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.sierraclub.org/dirty-fuels/us-lng-export-tracker.
{{cite web}}: Missing or empty|title=(help) - ↑ 4.0 4.1 https://www.theadvocate.com/baton_rouge/news/coronavirus/article_37e05dd4-9f6b-11ea-8c22-2b4833bc8475.html.
{{cite web}}: Missing or empty|title=(help) - ↑ "Stalled Louisiana LNG Project Revived After Founders Take Reins Again". Natural Gas Intel. Retrieved 2022-01-24.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Terminal" Pointe LNG, accessed April 2019
- ↑ Shravan Bhat, "LNG developer launches capital raise" IJGlobal, May 18, 20200
- ↑ "News" Pointe LNG, accessed July 17, 2019
- ↑ 9.0 9.1 Kristen Mosbrucker,"Pointe LNG in Plaquemines Parish hires firm to raise $4 billion from investors", The Advocate, May 26, 2020
- ↑ 10.0 10.1 Kristen Mosbrucker,"New Orleans LNG business pushes back project to mid-2021; sees interest for equity stakes", The Advocate, Dec. 22, 2020
- ↑ 11.0 11.1 "FERC terminates permitting review for La. LNG project, citing inaction". www.spglobal.com. Retrieved 2021-11-03.
