Developer to build LNG terminal in Florida to serve maritime vessels

Washington (Platts)--30Oct2013/1247 pm EDT/1647 GMT


Clean Energy Fuels has placed a purchase contract on property where it wants to build what it expects to be the first liquefied natural gas fuel terminal on the US East Coast that will supply maritime vessels and then heavy duty trucks and trains, the company said Wednesday.

The project will be developed by Eagle LNG Partners, a recently announced consortium of Clean Energy Fuels, GE Ventures, GE Energy Financial Services and Ferus Natural Gas Fuels.

Construction of the Jacksonville, Florida, terminal is expected to begin in the second quarter of 2014 and scheduled to be completed in the fourth quarter of 2015, the company said. Financial details of the project were not disclosed.

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Located on the St. Johns River in Jacksonville, the facility would be able to produce about 300,000 gallons of LNG/day to support anticipated increases in maritime and rail use and bolster supplies for trucking fleets operating in the southeastern US, the company said.

Jacksonville is a leading contender to facilitate maritime LNG applications because Jacksonville-based companies are increasingly ordering LNG-fueled vessels to serve Caribbean markets, Clean Energy said.

Clean Energy said LNG is attractive to maritime shippers who must comply with revamped rules on how much sulfur can be in the fuel they use in the North American Emission Control Area from January 1, 2015 onwards.

--Rodney White, rodney.white@platts.com
--Edited by Keiron Greenhalgh, keiron.greenhalgh@platts.com

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