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The company said in its semi-annual progress report update filed with the US DOE on April 7 that (FEED) engineering is “on schedule, with FEL1 engineering currently in progress.”
According to Power LNG, the completion of the remaining FEED engineering is now projected for the end of the third quarter of 2025.
In addition, the air permitting process with the Texas Commission on Environmental Quality (TCEQ) is scheduled to begin in the third quarter of 2025, the firm said.
“We expect to reach a final investment decision (FID) by the end of Q4 2025,” Power LNG said.
ISO LNG tanks
Power LNG’s website does not provide many details regarding its project.
In April 2023, Power LNG secured authorization from DOE to export LNG from its proposed facility to be located on Galveston Island, Texas, to free trade agreement nations.
Power LNG requested long-term, multi-contract authorization to export domestically produced LNG in a volume equivalent to 7.0445 billion cubic feet per year (Bcf/yr) of natural gas for a term ending on December 31, 2050.
According to Power LNG, the facility is anticipated to “include a natural gas liquefaction plant with a production capacity of up to approximately 7.0445 bcf of LNG per annum at 100 percent capacity, a truck loading facility, a storage area, and dock access.”
Power aims to load the LNG supplies into ISO containers at the facility, then transport the containers by truck to a nearby loading dock within the facility, where it will be loaded onto ocean-going container vessels.
Additionally, Power LNG said, “the facility will be able to store up to 50 stacked ISO containers for a period of up to one week.”
Power said in the document that it had entered into a long-term lease agreement for the marine and industrial park with its management organization, GCC Supply & Trading.
The firm also said that it intends to enter into a long-term natural gas supply agreement with the Houston Pipeline (HPL) System, a subsidiary of Energy Transfer.
Power LNG said that it anticipates selling LNG to FTA countries in export markets in the Caribbean, Mexico, Central and South America.
Liquefaction solution
A progress report filed by Power LNG with DOE last year also shows that Power LNG made a decision to adopt Cryosys’ liquefaction technological solution.
“This solution was chosen for its exceptional efficiency, resulting in a substantial reduction of our build and implementation timeline. Notably, our LNG output has increased from 240,000 gallons per day to 380,000 gallons per day with minimal additional costs,” the firm said.
Power LNG also said in that report that it had achieved “significant milestones” in commercial negotiations, including the execution of a letter of intent (LOI) with PIC USA.
