From a Wednesday press release:
Eagle LNG Partners Submits Application with the US Department of Energy
to Engage in LNG Exports
Jacksonville FL, January 27, 2016 - Eagle LNG Partners has submitted an application with the US Department of Energy (“DOE”) requesting long-term, multi-contract authorization under Section 3 of the Natural Gas Act to engage in exports of natural gas in the form of liquefied natural gas (“LNG”).
The application seeks authorization to export up to 49.8 Bcf, or ~1.0 million tons per annum (mtpa), of LNG per year to both free trade agreement (FTA) and non-free trade agreement (non - FTA) countries.
The authorization is for Eagle LNG Partners’ proposed FERC-jurisdictional LNG export facility in Jacksonville, Florida, and requests authorization from the DOE to export LNG on its own behalf and as an agent for other organizations.
Sean Lalani, President of Eagle LNG, says, “Natural gas from the United States will decrease electricity costs and result in lower economic and environmental costs for the Caribbean region, which is part of our intended market.” Lalani, adds, “Eagle is working to provide dependable and continuous power solutions to the region. Natural gas ensures a reliable and affordable fuel for electricity generation.”
Eagle LNG Partners focuses on utilizing modular small-scale natural gas liquefaction technology to deliver value to clients in markets where larger scale liquefaction projects are not feasible. As previously announced, the company is in the process of submitting its application with the Federal Energy Regulatory Commission (“FERC”) for authorization to site, to construct, and to operate the proposed LNG export facility in Jacksonville, Florida, which is considerably smaller than other LNG export projects currently being proposed to FERC.
About Eagle LNG
Eagle LNG Partners (Eagle LNG) is a wholly owned subsidiary of Ferus Natural Gas Fuels LP, building LNG infrastructure across the United States to supply clean-burning, competitively-priced fuel for the marine, remote power, rail, oil and gas, and trucking industries. Eagle LNG is financed by the Energy & Minerals Group (EMG) and is based in Houston, Texas.
About The Energy & Minerals Group
EMG is the management company for a series of specialized private equity funds. The Firm was founded by John Raymond (majority owner and CEO) and John Calvert in 2006. EMG focuses on investing across various facets of the global natural resource industry including the upstream and midstream segments of the energy complex. EMG has approximately $16.4 billion of regulatory assets under management (RAUM) and approximately $9.0 billion in commitments have been allocated across the energy sector since inception. For additional information, please visit www.emgtx.com.