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Lantern LNG announced in a statement on Wendesday i plans to use Honeywell’s full-service LNG technology portfolio, including natural gas pre-treatment, advanced liquefaction, and coil-wound heat exchangers, coupled with Honeywell’s automation and digital solutions.
“Honeywell’s end-to-end approach gives us certainty on design, execution, and long-term operations, which is critical for both bankability and performance,” said David Chung, CEO of Lantern LNG.
“By bringing pretreatment, liquefaction, controls, and lifecycle support under one investment-grade provider, we are taking an important step in strengthening project certainty and investor confidence,” Chung said.
2031
Lantern LNG’s planned nearshore Matagorda Bay facility aims to produce approximately 12 million tons per annum (mtpa) of LNG in three trains of 4 mtpa.
The company said in the statement that it currently expects FID for Train 1 to occur in 2029, with commercial operations date (COD) anticipated in late 2031.
Lantern LNG did not provide further details.
According to its website, FID for the first train is expected in the second quarter of 2029, the second train in the second quarter of 2031, and the third train in the second quarter of 2032.
Unlike floating LNG concepts, Lantern LNG plans to use fixed-platform technology commonly used in offshore oil and gas production.
“By leveraging a modular, platform-based design, we eliminate the need for massive onshore storage tanks, dredging, and complex civil works—resulting in one of the lowest cost LNG projects in the US market,” it said.
In addition to Honeywell tech, Lantern LNG plans to use Baker Hughes LM9000 mechanical drive turbines and LM2500+G4 power generation units.
The website also shows that Chung is the former president of Grand Isle LNG and CEO of Annova LNG.