On February 23, 2017, Guy Dayvault, a commercial consultant in LNG marketing and natural gas, will make a presentation to the Marine Technology Society (MTS) Houston Section on Texas LNG.
Texas LNG Brownsville LLC is an independent, Houston-based energy company engaged in LNG-related businesses. Key members of its management and technical team have extensive LNG, gas and large engineering and construction global project experience, as well as long-term relationships in LNG markets. The company is focused on low unit costs, speed to market, LNG offtake flexibility, efficient use of capital, robust technical solutions, and is well positioned to commence Phase 1 production of 2 MTA of LNG (out of a total permitted capacity of 4 MTA) for export to FTA and non-FTA markets in 2022.
Texas LNG’s initial project will be constructed at the Port of Brownsville in south Texas. Texas LNG’s 625-acre site is strategically located on the north shore of the Port of Brownsville’s deepwater ship channel in proximity to natural gas supplies. The Texas LNG team includes leading financial, technical, environmental and legal partners including Samsung Engineering, BNP Paribas, Third Point LLC, Braemar Engineering, Air Products, Honeywell, NRG, K&L Gates, GreenbergTraurig, Royston Rayzor, and others.
Liquefied Natural Gas (LNG) is natural gas that has been cooled sufficiently to condense into a liquid. When cooled to a liquid, its volume shrinks 600 times, making it easy to store and transport on ships.
The United States is currently experiencing large increases in natural gas production due to innovative technologies and efficient operations, resulting in a surplus that can be exported. For neighboring markets, LNG can be transported by pipeline, but for markets in Europe, Asia and Latin America exporting by LNG ships is the only solution.
Contrary to false information, LNG is not stored or transported under pressure, LNG tanks are insulated, but the liquid is essentially at atmospheric pressure. LNG is nontoxic, non-corrosive, odorless, nonexplosive and nonflammable. In liquid form it does not burn or explode. In the unlikely event of it being exposed to air it instantly evaporates into the atmosphere. It is also the cleanest burning of all fossil fuels.
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