20 December 2012
Details
Pangea LNG B.V. announced that
its wholly-owned subsidiary,
Pangea LNG (North America) Holding LLC.,
has filed an application with
the U.S. Department of Energy (DOE)
requesting multi-contract authorization to
export Liquefied Natural Gas, LNG,
from its facility in South Texas
to any country with which the U.S.
does not have a Free Trade Agreement in effect.
(Non-FTA countries)
WWW.CHEMWINFO.COM BY KHUN PHICHAI
Pangea is seeking authority to export
up to 8 millions metric tons per year of LNG,
equally to approximately 400 million cubic feet per year of
natural gas.
About South Texas LNG Export Project
- Pangea LNG has proposed development of
natural gas liquefaction facility
at the port of Corpus Christi.
- The site is advantageous because natural gas
for export can be obtained from a variety of sources,
near and far, from the Eagle Ford Shale Reserves,
just 60 miles from the project site and ending with
natural gas transported from anywhere in North America
through the extensive interstate pipeline network
running through South Texas or by displacement.
- The project, known as South Texas LNG Export,
is being developed through
* Pangea LNG (North America) Holding LLC. with
* Statoil North America Inc.
as a joint development partner
and potential buyer of LNG output.
- The project site includes 550 acres
on the north shore of Corpus Christi Bay
adjacent to the 45-foot deep La Quinta Ship Channel.
It has 2,400 feet of ship channel frontage and
is surrounded by an existing industrial developments
- A FERC (the Federation of Energy Regulatory Commission)
application will be filed in 2013 and
the export terminal could be in commercial operation by 2017.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
Filing FTA and Non-FTA applications with DOE are major
initial milestones for Pangea's LNG project in South Texas.
On November 29, 2012, Pangea filed an application
with DOE seeking export authority to countries
with which the U.S. has
Free Trade Agreements.(FTA countries)
On December20, 2012, Pangea has filed an application
with DOE seeking LNG export authority to any country
with which the U.S. does not have
a Free Trade Agreement in effect. (Non-FTA countries)
WWW.CHEMWINFO.COM BY KHUN PHICHAI
