Live Oak LNG to develop $2-bn gas liquefaction project in Louisiana

Live Oak LNG has announced plans to set up a new natural gas liquefaction and export project, up to a $2 billion investment, in the Calcasieu waterway, Louisiana. The mid-sized project is being designed for a plant capacity of up to five million tonnes per annum (MTPA) production and will include two 130,000 m3 storage tanks, and port facilities with a jetty for standard size liquefied natural gas (LNG) carriers. The proposed site is about 350 acres and is situated within Calcasieu Parish on the west bank of the Calcasieu River.
 
Initial study work is already underway and Live Oak LNG will begin the permitting process within the next few weeks. The anticipated start-up of the plant is in late 2019.
 
Live Oak LNG is a fully owned subsidiary of Parallax Energy, a new company that includes experts representing every aspect of the liquefied natural gas chain.
 
“Having worked on the Lake Charles LNG import project, I know Louisiana is a great place to do business. We will be working hand in hand with the community and government officials to ensure the new Live Oak LNG project brings economic benefit, business opportunities and jobs to Calcasieu Parish,” said Martin Houston, chairman, Parallax Energy.
 
Live Oak LNG has awarded Bechtel a contract for the pre-engineering design and Chart Industries has been selected for the process design work.