Lloyds Energy Group announced that it has submitted a formal application with the Department of Energy (DOE) to export LNG to countries which have a Free Trade Agreement (FTA) with the U.S. from its proposed facility in Calhoun County, Texas. Lloyds Texas project will be commonly known as Point Comfort LNG. The FTA application is expected to be approved by spring of 2017. This is one of the first steps in developing the LNG project, which would bring significant and lasting benefits to the south central Texas coastal region.

“Lloyds Energy is strongly positioned to meet client demand, and submitting our Point Comfort LNG FTA application is an important first step towards making the final investment decision,” said Philip Holland, Lloyds Energy CEO. “The U.S. has an abundant supply of natural gas and the international market has a growing demand for cleaner, more-efficient fuel.”

Calhoun County Port Authority Board Chairman Randy Boyd, stated: “Our mission at the Calhoun County Port Authority is to stimulate economic development. Point Comfort LNG will bring hundreds of millions of dollars of revenue to the county and state, as well as provide hundreds of long-term jobs.”

Lloyds Energy will utilize two 4.5 MTPA, near-shore FLNG vessels, each about the size of an aircraft carrier, as well as additional support barges and on shore facilities. In addition to the jobs created during the construction phase, the project will create approximately 700 direct, long-term jobs and thousands of indirect jobs and additional economic benefits.

Source: www.worldoil.com