Excelerate’s Lavaca Bay Facility to Cost $2.4 Billion
Posted on May 3, 2013 in LNG Exports | Comments Off on Excelerate’s Lavaca Bay Facility to Cost $2.4 Billion
Globe Newswire reports that, according to Excelerate Energy’s front-end engineering and design (FEED) study, Excelerate’s Lavaca Bay LNG export facility will cost $2.4 billion dollars, which equates to a price of $540.00 per tonne of LNG produced. Phase I of the LNG facility will produce 4.4 million tonnes/year from a floating liquefaction, storage and off-loading unit to be constructed in the Port of Port Lavaca-Point Comfort in Calhoun County, Texas. Phase 2 will add a second facility, which will double LNG production. The article states that the facility is expected to be in-service by early 2018.