Argent LNG has secured land for its proposed LNG export terminal in Port Fourchon, Louisiana.
The US firm said in a statement on Tuesday it has signed a long-term lease agreement with the Greater Lafourche Port Commission, securing 144 acres of land at Port Fourchon.
This strategic agreement paves the way for the development of Argent LNG’s export facility with a projected capacity of up to 20 mtpa pending a waterway suitability assessment and overall Federal approval, it said.
Jonathan Bass, CEO of Argent LNG said in the statement the company is “committed to leveraging the unique advantages of this location to meet the growing global demand for LNG.”
According to Argent LNG’s website, the initial phase of the project would have a capacity of 10 mtpa and this would be then further increased to 20 mtpa.
The facility is designed with Worley as program managers and Kiewit as the EPC contractor.
Additionally, the project includes a smaller-scale liquefaction plant tailored to supply LNG for LNG-powered offshore supply vessels (OSVs) in the Gulf of Mexico, according to Argent LNG.
2029/2030
Initiated in August 2017, Fourchon LNG, a subsidiary of Energy World, applied to the Federal Energy Regulatory Commission (FERC) for the establishment of an LNG terminal at Port Fourchon.
A waterway suitability assessment has been completed, with full authorization anticipated within the next two years, Argent LNG said.
Following the termination of Fourchon LNG’s lease, Argent LNG secured a 30-year lease with two additional 30-year options with the port, it said.
The company said it expects to start commercial operations of the first phase in 2029/2030.
“Phase 2, projected to add additional capacity, is in progress, with activities focused on advancing resource reports, obtaining FERC approval, formalizing gas supply agreements, and securing project funding,” it said.
