In an order handed down Friday, officials with the
Currently under construction, Elba Island LNG is being developed as a joint venture between
If the commissioning tests are successful, the first of 10 production units under construction will be fully operational and capable of producing exports by the end of the first quarter.
“Domestic consumption is increasing in power generation and industrial, but increasingly,
Originally built as a facility to import natural gas, record production in
The company awarded a contract to build the terminal to
Elba Island LNG is coming online at a time of growing global demand for liquefied natural gas. The
As a fee-based pipeline and storage terminal company,
“We participate in a very low-risk way,” Kean told investors about the company’s LNG business. “We’ve got the infrastructure that serves those export facilities. We wrap ourselves right around them in
In the case of Elba Island LNG,
“We can make a lot of money in the LNG business by providing services to the LNG market without participating in the global risk and the commodity risk that goes along with deep participation in those markets,” Kean said.
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