JACKSONVILLE, Fla.--(BUSINESS WIRE)--Eagle LNG Partners LLC (“Eagle LNG”) announced that the U.S. Federal Energy Regulatory Commission (“FERC”) has issued the order granting authorization for siting and constructing its proposed on-water Jacksonville LNG Export Facility.
The liquefied natural gas (“LNG”) export facility and terminal, planned in Jacksonville, Florida, will have a production capacity of approximately 1.65 million LNG-gallons per day with 12 million LNG-gallons of storage plus marine- and truck-loading capabilities located on-site.
“The FERC authorization for Eagle LNG’s Jacksonville LNG Export facility has been many years and countless hours in the making. As one of only a handful of greenfield LNG project proponents to obtain their FERC Order, and the only project devoted to provisioning small-scale LNG projects in the Caribbean basin, Eagle LNG is one large step closer to delivering clean-burning, affordable, domestically produced U.S. natural gas.” said Sean Lalani, president of Eagle LNG. “Numerous independent studies have shown that sourcing LNG for power generation allows Caribbean island nations the ability to substantially reduce power costs and simultaneously reduce CO2 emissions by 30-40% as compared to fuel oil and coal. Eagle LNG acknowledges that this project would not have been possible without the continued support of the Jacksonville community and key stakeholders regionally and in North Florida.”
Eagle LNG’s Jacksonville LNG Export facility will have a construction cost of approximately $500 million with a continuing positive economic and employment impact for the southeast U.S., State of Florida and the North Florida region.
“Exports in small volumes from our existing Maxville LNG facility are already providing low cost, domestically produced U.S. natural gas as an early, stable fuel source for the Caribbean. The proposed Jacksonville LNG Export facility will not only drive and create economic growth in Florida and the U.S., it is crucial for the expansion of new U.S./Caribbean LNG trade opportunities,” continued Lalani.
In addition to providing the lowest cost U.S. natural gas to the Caribbean basin, once Eagle LNG’s Jacksonville LNG Export Facility is completed and its operations combined with Eagle LNG’s Maxville LNG Facility and the Talleyrand LNG Bunker Station, Eagle LNG will be providing the lowest cost LNG for bunkering in the southeast United States.
About Eagle LNG Partners (Eagle LNG)
Eagle LNG is a privately held and operated portfolio company of The Energy & Minerals Group. Eagle LNG provides affordable, efficient and clean-burning energy. It develops small-scale LNG solutions providing fuel for marine industries as well as power generation in the Caribbean and Central America. Eagle LNG is based in Houston, Texas. For additional information, please visit www.eaglelng.com.
About The Energy & Minerals Group (EMG)
EMG is the management company for a series of specialized private equity funds. EMG focuses on investing across various facets of the global natural resource industry including the upstream and midstream segments of the energy complex. EMG has approximately $14 billion of regulatory assets under management and approximately $11 billion in commitments have been allocated across the energy sector since inception. For additional information, please visit www.emgtx.com.