The next few months will be busy for Southern California Telephone and Energy, The American Press reports.
The company will negotiate offtake agreements and continue the Federal Energy Regulatory Commission filing process for its $6.9 billion project on Monkey Island, as well as partner with a new LNG contractor.
SCT&E plans to construct a multibillion-dollar liquefied natural gas export terminal in Cameron Parish. The terminal received a 30-year authorization in 2014 from the Department of Energy for the export of 1.6 billion cubic feet per day of natural gas, or 12 million tons per year of domestically produced LNG.
SCT&E Chairman Greg Michaels says the formal filing for the project will be submitted to FERC in the last quarter of 2017 by Technip, the project management company tasked with executing engineering services vital to the terminal’s creation.
SCT&E officials announced the partnership with Technip in late July and touted the company’s experience with other LNG projects.
Michaels says SCT&E is also making headway with offtake agreements. Several are being negotiated and should be finalized in the near future, he says.
“Binding contracts of this nature take a considerable amount of time to negotiate,” he says. “The project is moving along steadily, and we are on our way to having the facility’s total 12 million-tons-per-year capacity fully contracted.”
The American Press has the full story.
