G2, NET Power ink new deal for Louisiana LNG export project

G2 Net-Zero LNG said it has signed a new deal with NET Power for its planned liquefaction project in Louisiana.

The duo already worked on the project for a year and executed a new letter of intent following the recent release of a pre-FEED report, according to a G2 statement.

Furthermore, G2 says its export facility would be the first to integrate NET Power’s Allam-Fetvedt Cycle technology which removes all CO2 emissions from the natural gas liquefaction process.

This is in order to achieve a carbon net-zero energy mix of industrial gases, electricity and LNG, the firm said.

The pre-FEED report marks a “key milestone” in accelerating the project’s partially completed FEED study, it said.

$11 billion project

Louisiana-based G2, a venture of Chas Roemer Innovations, claims its facility would be the world’s first LNG export and industrial gas production complex promising net-zero carbon emissions from upstream to dockside. The firm expects to launch the facility as early as 2027.

The facility will consist of 10 1.3 MTPA trains with CAPEX of $500-$550 per million tons of capacity.

In addition to LNG, G2 plans to produce and sell industrial gases, including argon, nitrogen, and oxygen.

The total costs would reach $11 billion, according to G2.

“On a global basis, there is an increasing demand from the energy markets for net-zero
emissions projects to be up and running sooner rather than later. By employing NET Power’s
Allam-Fetvedt Cycle, G2 is building new with the latest technology rather than having to bear the burden of expensive outdated technology and infrastructure,” said Chas Roemer,
chairman of G2.

- Advertisements -

Most Popular

Interview: GTT’s boss expects more than 450 LNG carrier orders in next 10 years

French LNG containment giant GTT is expecting that there will be more than 450 orders for large LNG carriers...

Construction progress continues on Golden Pass LNG export plant

Energy giants QatarEnergy and ExxonMobil released the latest construction update for their Golden Pass liquefied natural gas (LNG) export...

Cheniere, OMV seal long-term LNG supply deal

US LNG exporting giant Cheniere has signed a long-term deal with Austrian energy firm OMV to supply the latter...

More News Like This

G2 scraps plans for Louisiana LNG export terminal

US firm G2 Net-Zero scrapped plans to build an LNG export facility with a capacity of about 13 mtpa...

McDermott bags G2 power plant FEED gig

G2 Net-Zero, the developer of an $11 billion LNG and energy complex in Louisiana, awarded a front-end engineering design...