Excelerate Energy Announces Lavaca Bay LNG Project
Excelerate Energy L.P. has announced it is developing a floating liquefaction facility in Port Lavaca, TX, between Galveston and Corpus Christi, on the Texas Gulf Coast. The Lavaca Bay LNG project will be the first floating liquefaction facility in the U.S. and will be designed to export LNG by 2017. Excelerate expects expedited FERC approval for the project since the Port Lavaca location was previously approved by FERC for the Calhoun LNG import terminal, which was not built. Read more in the MarketWatch article.