Port Meridian FSRU
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
Port Meridian FSRU is a cancelled (confirmed) LNG import terminal in United Kingdom.
Location
Table 1: Location details
| Name | Location | Coordinates (WGS 84) |
|---|---|---|
| Port Meridian FSRU | Fylde, Lancashire, North West, United Kingdom[1] | 53.74464293992729, -3.750912358622381 (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 |
|---|---|---|---|---|---|---|
| Port Meridian FSRU | import[1] | cancelled (confirmed)[2] | 6 mtpa[1] | 6.0 mtpa | True | – |
Table 3: Cost
| Name | Facility type | Cost | Total known terminal costs |
|---|---|---|---|
| Port Meridian FSRU | import[1] | US$441,000,000 (350,000,000 GBP)[3] | US$441,000,000 |
Financing
No financing data available.
Table 4: Project timeline
| Name | Facility type | Status | Proposal year | FID year | Construction year | Operating year | Inactive year |
|---|---|---|---|---|---|---|---|
| Port Meridian FSRU | import[1] | cancelled (confirmed)[2] | – | – | – | –[3][3] | 2021 (cancelled)[4] |
Ownership
Table 5: Ownership
| Name | Facility type | Status | Owners | Parent companies | Operator |
|---|---|---|---|---|---|
| Port Meridian FSRU | import[1] | cancelled (confirmed)[2] | Harland & Wolff Group Holdings PLC [100%][3] | Harland & Wolff Group Holdings PLC [100.0%] | – |
Background
Port Meridian FSRU is a proposed LNG terminal in North West, UK.[5] The project will consist of developing a permanently moored Floating Storage Regasification Unit (FSRU) capable of taking LNG through a ship-to-ship transfer, regasifying the LNG, and exporting it through a new pipeline system to the National Transmission System (NTS) at Barrow‐in‐Furness in Cumbria.[6] The FSRU will have a capacity of 170,000 m3, and the pipeline and land facilities have a maximum daily throughput rate of 1,250 million standard cubic feet per day (mmscfd).[6]
According to Port Meridian, planning permission has already been granted by Barrow Borough Council (the local planning authority), and "All major offshore permits have been obtained, approved ‘in principle’, or are in the final stages of being obtained."[6]
In December of 2018, Global Energy Ventures Ltd had its gas sales agreement (GSA) conditions with Meridian LNG Holdings Corp and Uniper Global Commodities SE extended. The agreement aims to secure Port Meridian gas volume rights and gas sale rights to Uniper of up to 300 million standard cubic feet a day. The deadline to secure a deal has been pushed to December 31, 2019, and January 1, 2021, for commercial operability.[7]
In July 2020, London-based InfraStrata agreed the acquisition of the the FSRU project with Meridian Holdings. InfraStrata said that the project costs are likely to be £350 million-450 million (US$442 million-$568 million), with a final investment decision set to follow within three years. Funding for the project, according to InfraStrata, is to come from the creation of a consortium of partners: "Discussions with key partners have commenced - a consortium consisting of globally recognized companies involved in the development, construction, operations and commercialization of regasification terminals worldwide will be formed in due course."[8] IJ Global also reported that Port Meridian had been lined up to receive LNG from the proposed Magnolia LNG Terminal in Louisiana for E.ON, but "it is not clear if this deal has lapsed."[9]
In June 2021, the project promoter InfraStrata announced in a trading update that it had "formally withdrawn from the proposed FSRU project in Barrow-in-Furness". It noted also that "the energy complex has undergone a fundamental shift towards renewables and hydrogen over the past 18 months. The company no longer sees a business case for an FSRU project".[10]
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 http://portmeridian.com/about/.
{{cite web}}: Missing or empty|title=(help) - ↑ 2.0 2.1 2.2 https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/063021-uks-infrastrata-abandons-plan-for-floating-lng-import-terminal-in-nw-england.
{{cite web}}: Missing or empty|title=(help) - ↑ 3.0 3.1 3.2 3.3 https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/060820-feature-wave-of-progress-for-uk-ireland-floating-lng-import-projects.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/063021-uks-infrastrata-abandons-plan-for-floating-lng-import-terminal-in-nw-england https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/063021-uks-infrastrata-abandons-plan-for-floating-lng-import-terminal-in-nw-england; https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/063021-uks-infrastrata-abandons-plan-for-floating-lng-import-terminal-in-nw-england.
{{cite web}}: Check|url=value (help); Missing or empty|title=(help) - ↑ Port Meridian Floating LNG Terminal, A Barrel Full, accessed August 2017
- ↑ 6.0 6.1 6.2 Port Meridian: About, Port Meridian Energy Limited, accessed August 2017
- ↑ Global Energy Ventures extends Port Meridian gas sales agreement amid rising UK gas prices Proactive Investors, December 2018
- ↑ Stuart Elliott, Wave of progress for UK, Ireland floating LNG import projects, S&P Global, Jun. 8, 2020
- ↑ Elliot Hayes, InfraStrata enters exclusivity for FSRU project IJ Global, Jul. 2019
- ↑ Stuart Elliott, UK's InfraStrata abandons plan for floating LNG import terminal in NW England, S&P Global, Jun. 30, 2021
