Fri 9 May 2014, 16:45 GMT

Funding secured for Mississippi LNG terminal


Facility is scheduled for completion in 2017.



Louisiana LNG Energy, LLC (LLNGE) has secured funding from an affiliate of ArcLight Capital Partners, LLC for LLNGE's mid-scale LNG export terminal currently under development in Louisiana along the Mississippi River.

The project, expected on-line in late 2017, has a planned export capacity of 2.0 million tonnes per annum, deep water access for very large gas carriers (VLGC) and utilizes modular construction for speed to market.

"The ArcLight funding agreement is a significant step in advancing the LLNGE Project. The addition of their team provides LLNGE additional experienced resources to continue moving the project forward with all phases of the project scheduled for completion in late 2017," said Jim Lindsay, chief executive officer of LLNGE.

"ArcLight is pleased to be partnering with LLNGE's management team to facilitate the development of the premier mid-scale LNG facility in the Gulf Coast," remarked Carter Ward, Partner of ArcLight.

LLNGE has selected Chart Energy & Chemicals, Inc. (Chart) to perform advanced engineering for the project. LLNGE has selected Chart's 0.5 MTPA standard LNG liquefaction plant design. The plants will feature Chart's proprietary liquefaction technology with in-house design and manufacture of all mission critical equipment. Advanced engineering is due to commence immediately.

The project also has procured four manufacturing space reservations with Chart, to ensure that the 2.0 MTPA LNG plant can be online in the fourth quarter of 2017. Tom Burgess, Vice-President of Marketing for LLNGE, commented: "By securing the slot reservations for the liquefaction trains, LLNGE has completed another important step in maintaining its timeline for production in 2017."

Sea Port Group Securities, LLC acted as lead financial advisor and Galway Capital L.P. acted as financial advisor to LLNGE. Separately, Galway Energy Advisors LLC has been retained to assist LLNGE in securing LNG off take arrangements and with other commercial operations.


Delivery ceremony of Maran Myrto vessel. New Times Shipbuilding cuts steel on two crude tankers and delivers LNG dual-fuel vessel  

Chinese yard marks a busy 4 June with steel-cutting ceremonies and a tanker delivery to Maran.

Christening ceremony of Mercedes Pinto vessel. Baleària Canarias christens €128m dual-fuel fast ferry Mercedes Pinto for inter-island routes  

The catamaran will connect Tenerife, Gran Canaria and Fuerteventura with six daily departures.

AiP award ceremony for LPG dual-fuel 1,400-teu container vessel design. DNV awards AiP to HHI for LPG dual-fuel container vessel design  

Approval in principle granted for ship design targeting the underserved smaller container segment.

Olivier Josse, Alberto Pérez Espinosa and Luke Shu. Seascale Energy partners with Lloyd’s Register Advisory to build decarbonisation expertise  

The bunker firm has launched a knowledge partnership covering low-carbon fuels and maritime regulations.

CSL Kuleana vessel. CSL takes delivery of methanol-ready Kamsarmax as fleet renewal programme advances  

MV CSL Kuleana departs on maiden voyage, equipped with Tier III engines.

Peter Keller, SEA-LNG. LNG orderbook share hits 90% as methane pathway investment holds firm  

LNG bunkering volumes surge and biomethane uptake grows six-fold, despite geopolitical headwinds.

Vessel at sea with Graphyte and NYK Line logos. NYK to offset ship emissions with CDR credits from Loblolly project  

Japanese shipping group turns to biomass-based carbon sequestration to address residual maritime emissions.

Close-up view of a KESS vessel. K Line orders four LNG dual-fuel car carriers for European short-sea operations  

Kawasaki Kisen Kaisha contracts quartet of 1,380-vehicle vessels at China Merchants Jinling Shipyard.

Bunge logo. Bunge seeks bunker purchaser for Rotterdam operation  

Agribusiness is looking for candidates with experience in marine fuel procurement.

Launching ceremony of a 38,000-dwt chemical tanker with hull no. XY169. First vessel in NYK Stolt Tankers’ newbuild series launched in China  

FKAB-designed 38,000 DWT chemical tanker launched at Nantong Xiangyu Shipyard, China.