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News
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LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.
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LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.
Read more
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Industry News
FERC Approves Construction of Export Facilities for Freeport LNG Terminal
LCG, July 31, 2014-The Federal Energy Regulatory Commission (FERC) yesterday announced that it has authorized Freeport LNG Development, L.P. (Freeport LNG) to site, construct, and operate facilities to liquefy and export domestic natural gas from its existing liquefied natural gas (LNG) import terminal located near the city of Freeport, Brazoria County, Texas.
Domestic natural gas will be transported via pipeline and pretreated near Freeport LNG?s existing metering, compression and underground storage facilities. The pretreated natural gas will then be delivered to the terminal through Freeport LNG?s existing gas pipeline. At the terminal it will be liquefied and then stored in full-containment LNG storage tanks. LNG will be exported from the terminal by LNG carriers arriving via marine transit through the Freeport Harbor Channel.
The Freeport Liquefaction Project includes a liquefaction plant with three trains that will have a combined liquefaction capacity of 1.8 Bcf/day. In addition, the project includes pretreatment facilities that will interconnect with natural gas pipelines. FERC also authorized Freeport LNG's Phase II Modification Project to revise the previously authorized, but unconstructed Phase II Project. The primary objectives of the Phase II Modification Project are to reorient the Phase II dock, modify the transfer facilities, and modify access roads at the terminal. The plan calls for the two projects to be constructed together at Freeport's existing Quintana Island terminal. Freeport LNG expects to start construction on the liquefaction project this year and achieve commercial operation of the first liquefaction train in 2018, with the second and third trains operational in 2019.
FERC's new order incorporates the FERC environmental staff's recommendations by requiring the company to adhere to more than 80 conditions to mitigate potential adverse environmental impacts.
The U.S. Department of Energy (DOE) has conditionally approved Freeport LNG's export of gas to both Free Trade Agreement and non-Free Trade Agreement countries. Freeport LNG filed its formal FERC application pursuant to Section 3 of the Natural Gas Act in August 2012.
The existing Freeport LNG facilities were designed and installed to import LNG to the United States in response to forecast declines in domestic natural gas supplies. Construction on the import project started in January 2005 and was completed in June 2008.
With the tremendous growth in domestic shale gas production, there are now 10 LNG export projects that have filed formal applications pending before the Commission, and there are three LNG export projects in the prefiling process.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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