Gulf LNG Energy LLC awards FEED Contract for a Proposed LNG Receiving Terminal on the Gulf Coast.

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Gulf LNG Energy LLC (Houston, Texas) has awarded the front end engineering and design (FEED) contract for its planned Bayou Casotte LNG receiving and re-gasification terminal to be located at the Port of Pascagoula in Mississippi. The formal contract was signed with Technip Incorporated (NYSE:TKP) (Paris, France) after months of negotiations, as reported by industrialinfo.com in November. The engineering work will be performed by Technip's Houston, Texas, office.

For details see - Houston Company Plans New LNG Terminal in Pascagoula.

The Bayou Casotte site is one of the better sites for land-based LNG schemes on the Gulf Coast, due to its proximity to several existing major pipelines, such as Florida Gas Transmission and Transco. The area has petrochemical facilities as well as pipelines that could use the re-gasified LNG for power and steam generation, as well as a feedstock in some chemical manufacturing. The 40-acre site itself is relatively isolated, with the nearest resident being over two miles away.

Gulf LNG Energy has initiated the regulatory process on the $450 million facility, and FERC has authorized the company to utilize the commission's National Environmental Policy Act pre-filing process, and Gulf LNG Energy is preparing a full filing. FERC has assigned the proposed LNG terminal the docket number PF05-5. If constructed, the LNG terminal will have a daily LNG re-gasification capacity of 1.5 billion cubic feet per day (Bcf/d) and will have two on-site 160,000 cubic meter capacity LNG storage tanks, and the marine facilities will be designed to handle the next generation of LNG carriers, which could be as large as 250,000 cubic meters in LNG cargo capacity.

All things going well, Gulf LNG Energy hopes to make a full FERC filing in mid-2005. Gulf LNG Energy hopes to select multiple E+P+C contractors for the marine facilities, cryogenic LNG tanks, and the balance of the surface facilities, such as the vaporization units, in mid-2006, and beginning construction some time in late 2006, with a completion and in-service date targeted for some time in 2009.

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