Project Profile
Value: US$2 billion (capital expenditure)
Location: Louisiana Calcacieu Parish, Calcacieu River west bank, US Gulf Coast, USA
Production capacity: 5 million tonne per year (t/y) production capacity
Storage capacity: 130,000 cubic metres of gas
Area: 350 acres
Start-up Year: 2019
Parallax Energy LLC (Parallax) has chosen a site in Louisiana Calcacieu Parish along the US Gulf Coast to build and operate its first project, the Live Oak LNG as liquefied natural gas (LNG) export terminal. Parallax established the Live Oak LLC subsidiary to develop its Calcacieu Parish LNG project. This mid-size LNG project is estimated to require US$2 billion capital expenditure covering:
- LNG plant
- LNG storage tanks
- Jetty and port facilities
With this limited budget the Live Oak LNG project should have anyway a 5 million tonne per year (t/y) production capacity. The storage tanks should hold 130,000 cubic metres of gas. To build it up, Parallax took an option on a 350 acres site on Calcacieu River west bank. Live Oak LNG project should receive the gas from the local network of pipeline system supplying the whole county and it should export its LNG by conventional Panama type LNG carriers. On second quarter 2015, Parallax will proceed with the submission of the Pre-Filling Request as the first step for the Federal Energy Regulatory Commission (FERC) Approval Process. Since Parallax is completing the conceptual design of the Live Oak LNG project, the environmental impact assessment should start soon after the request submission. Based on the current schedule, Parallax is expecting to start the front end engineering and design (FEED) on second half 2015 in order to award the engineering, procurement and construction (EPC) contract at the end of 2016 for a completion of the Live Oak LNG project in Calcacieu Parish by 2019.
Operators:
Parallax Energy LLC (Parallax): Operator with 100% interest