ST LNG Proposes Innovative Deepwater LNG Port Development Project
With the push to expand the U.S. LNG export industry and strong backing from the Trump administration, a developer has put forth a groundbreaking proposal to the Maritime Administration (MARAD) and the U.S. Coast Guard. In an announcement set to be published on Monday, July 7 in the Federal Register, MARAD and USCG confirm that the application from ST LNG for the ST LNG Deepwater Port Development Project is ready for processing.
The application, submitted on June 9, aims to capitalize on the U.S.’s Deepwater Port Act of 1974. The act mandates a public hearing within 240 days of the notice’s publication and a final decision on the application within 90 days of the hearing.
Leading this new venture is entrepreneur and businessman Sharad Tak, CEO of ST LNG, with Alap Shah as President. Shah, previously Managing Director of FLNG Development at New Fortress Energy, brings valuable energy sector experience to the table. The proposed terminal is planned to be situated approximately 10.4 nautical miles offshore Matagorda, Texas, and would feature four 2.1 MTPA liquefaction systems.
Key Components of the Proposed ST LNG Deepwater Port:
- Four 2.1 MTPA liquefaction systems
- Installation in the Brazos Outer Continental Shelf Lease Block 476
- LNG export capacity of up to 8.4 MTPA
- Standard LNG carriers with capacities between 125,000 and 180,000 cubic meters
The deepwater port would comprise fixed and floating elements, including gas treatment platforms, LNG transfer platforms, mooring dolphins, and converted LNG carriers. The project would be executed in four phases, each producing 2.1 MTPA of LNG and creating job opportunities in the United States.
ST LNG’s innovative approach aligns with the growing demand for LNG energy, with other companies also exploring expansion opportunities along the Gulf Coast. The project promises to be a cost-effective solution, contributing to the country’s energy infrastructure and economic growth.