Page 38: of Maritime Reporter Magazine (June 2014)

38 Maritime Reporter & Engineering News • JUNE 2014 ity to numerous pipeline interconnection points, we found a very well established industrial and technical workforce base there and a community very familiar with the types of things we do. With the site selected and an interim lease agreement in place, we initiated a site- speci? c project FEED effort, and began the development of our applications for

DOE free trade and non-free-trade natu- ral gas export authorizations and lay- ing the groundwork to enter the FERC pre-? ling process. The culmination was the submittal of formal application six weeks ago. If the FERC process follows true to form – without any unanticipated interruptions – we should receive the

FERC authorization around the end of the ? rst quarter of 2015. Obviously, the

DOE non-free trade export authorization will be key to the project’s success, but while we await that we are making ex- cellent progress with project contracting discussions as well as securing offtake or capacity partners. Assuming that all continues as we expect, we should be in service early in 2019.

When you say “in service,” physically what will this facility look like? Building the facility will con- sist of dredging the 27 mile Matagorda ship channel from the sea buoy up to the port location. That’s deepening and widening the Matagorda ship channel to accommodate vessel sizes up to 175,000 cu. m. The project is designed to be ex- ecuted in two phases. We’ll build the above ground infrastructure and then the jetty itself in Port Lavaca while the ? oating liquefaction storage and of? oad- ing (FLSO) unit will be built in Korea at Samsung Heavy Industries in partner- ship with Black and Veatch who will provide the liquefaction process design and key equipment. That vessel will be built, pre-commissioned, delivered from the shipyard and commissioned on site in about 47 months.

At a cost of …? The overall capital cost of the project right now is between $2.5-2.6 billion. The vessel itself is about $1.5- 1.6 billion with the balance representing the costs of the dredging, jetty construc- tion, and other land based gas process and support equipment. The vessel itself

Mike Foster

Vice President, General Manager [email protected] (401) 226-1042 cell

Kyryll Karayev P.E.

Repair Yard Manager, Dry Dock Master [email protected] (401) 639-9325 cell

THE 2014 YEARBOOK: THE YEAR OF LNG

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