The Gulf LNG Liquefaction Project proposed by Kinder Morgan and minority partners officially filed Friday for federal approval to add exporting capabilities to an existing liquefied natural gas (LNG) terminal.
The $8 billion LNG export project near Pascagoula, Mississippi is for adding export capabilities to a pre-existing LNG terminal there.
Subject to obtaining sufficient long-term customer commitments, anticipated capital expenditures for the project at full development total approximately $8 billion.
Anticipated capital for a single LNG train in phase one totals approximately $5 billion and approximately $3 billion for a second train in phase two.
In service for phase one is anticipated in the fourth quarter of 2020 and the fourth quarter of 2021 for phase two.
Houston-based Kinder Morgan, the majority stakeholder with a 50% share in this LNG terminal, are asking for FERC approval no later than June 17, 2016, with the idea that the site could begin operations by the end of 2020 and export LNG around the world, particularly to Asia.
The Gulf LNG Liquefaction Project would take advantage of Kinder Morgan’s existing pipeline and terminal infrastructure.
“The proposed Gulf LNG Liquefaction Project will be a world-class facility within an existing world-class deep water port and, importantly, be located in an energy friendly state and benefit from a supportive community,” said Kinder Morgan East Region Natural Gas Pipeline President Kimberly S. Watson.
"In addition, it will have a number of other distinct advantages, including: the ability to utilize existing infrastructure, minimizing typical new LNG construction risks; it will be built and operated by a seasoned LNG operations team; the facility will have abundant and diverse natural gas supply options and easy access to international shipping lanes,” he added.