Magnolia LNG plans to develop a $2.2 billion NGL production and export facility at the Port of Lake Charles in southwest Louisiana. The company expects to make a final investment decision to move forward with the project in late 2014 after it secures permits and completes financing.
The mid-scale LNG facility would be located on 90 acres at the port’s Industrial Canal off the Calcasieu Ship Channel. Magnolia LNG would produce 4 million ton per annum (mtpa) of LNG and construction would begin in 2015.
G2X Energy plans to construct a $1.3 billion natural gas-to-gasoline facility at the Port of Lake Charles. G2X Energy is scheduled to finalize an option to lease 200 acres in the Industrial Canal at the Port of Lake Charles where the company will have the flexibility of shipping gasoline by pipeline or sea. G2X Energy will build its facility near Trunkline LNG, a major energy tenant operating at the port.
Through a proven technology process, G2X Energy will use natural gas to produce methanol, then convert methanol to final gasoline for 90% of its production. About 10% of the output will be liquefied petroleum gas, or propane.
Subject to additional feasibility analysis, Houston-based G2X Energy expects to make a final investment decision by the end of 2013. Upon obtaining facility permits, construction would begin in 2014 followed by estimated completion of the project in early 2017.