Houston: Energy giant Kinder Morgan on Friday filed with the US Federal Energy Regulatory Commission (FERC) for approval to build an $8 billion LNG export project near Pascagoula, Mississippi.
The proposal is for adding export capabilities to a pre-existing liquefied natural gas (LNG) terminal there.
America’s rush to develop LNG export facilities includes five projects already under construction including ones owned in Texas and Louisiana by Houston-based Cheniere Energy and Freeport LNG Development.
Houston-based Kinder Morgan, the majority stakeholder with a 50% share in this LNG terminal, are asking for FERC approval no later than June 17, 2016, with the idea that the site could begin operations by the end of 2020 and export LNG around the world, particularly to Asia.
The Gulf LNG Liquefaction Project would take advantage of Kinder Morgan’s existing pipeline and terminal infrastructure.
Kinder-Morgan’s minority partners in the project are Thunderbird Resources Equity with 30% and Arc Logistics Partners (20%).