G2 Net-Zero drops plans to develop LNG gas export facility in La. - KPLC
G2 Net-Zero drops plans to develop LNG gas export facility in La.
Cameron Parish, LA (KPLC) - G2 Net-Zero has decided to drop plans to build an $11 billion liquified natural gas (LNG) complex in Cameron Parish.
According to their website, the aim of the G2 Net-Zero complex was to generate uniquely-differentiated energy products while achieving net-zero greenhouse gas emissions from production to the loading dock.
The company, which is led by Chairman Charles (Chas) Roemer, had plans to build an LNG complex as early as 2026, all while leveraging the capture of 4 million tons of CO2.
At the end of March, the company submitted a filing to the US Department of Energy requesting to vacate its LNG export authorization to free trade agreement countries and withdraw its pending application for LNG export authorization to non-free trade agreement countries.
G2 said that it has shifted its corporate focus away from LNG export activities to the development of net-zero greenhouse gas emission energy products.
The G2′s website now states that the company plans to build a “world-scale blue ammonia plant in Southwest Louisiana.”
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Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.