Lloyds Energy files LNG export application
POINT COMFORT, Texas -- Lloyds Energy Group LLC announced it has submitted a formal application with the Department of Energy (DOE) to export Liquefied Natural Gas (LNG) to countries which have a Free Trade Agreement (FTA) with the US from its proposed facility in Calhoun County, Texas.
Lloyds Texas project will be commonly known as Point Comfort LNG. The FTA application is expected to be approved by Spring of 2017. This is one of the first steps in developing the LNG project.
"Lloyds Energy is strongly positioned to meet client demand, and submitting our Point Comfort LNG FTA application is an important first step towards making the final investment decision," said Philip Holland, Lloyds Energy CEO. "The U.S. has an abundant supply of natural gas and the international market has a growing demand for cleaner, more-efficient fuel."
Lloyds Energy will utilize two, 4.5 MTPA Near Shore Floating LNG vessels, each about the size of an aircraft carrier, as well as additional support barges and on shore facilities. In addition to the jobs created during the construction phase, the project will create approximately 700 direct, long-term jobs and thousands of indirect jobs and additional economic benefits.
Lloyds Energy Group LLC is a subsidiary of LE Group Holding Pte Ltd.
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