December 27, 2016 – POINT COMFORT, TEXAS – Lloyds Energy Group LLC announced today it has submitted a formal application with the Department of Energy (DOE) to export Liquefied Natural Gas (LNG) to countries which have a Free Trade Agreement (FTA) with the US from its proposed facility in Calhoun County, Texas. Lloyds Texas project will be commonly known as Point Comfort LNG. The FTA application is expected to be approved by Spring of 2017. This is one of the first steps in developing the LNG project, which would bring significant and lasting benefits to the South Central Texas Coastal region.
“Lloyds Energy is strongly positioned to meet client demand, and submitting our Point Comfort LNG FTA application is an important first step towards making the final investment decision” said Philip Holland, Lloyds Energy CEO. “The U.S. has an abundant supply of natural gas and the international market has a growing demand for cleaner, more-efficient fuel.”
Calhoun County Port Authority Board Chairman Randy Boyd, stated: “Our mission at the Calhoun County Port Authority is to stimulate economic development. Point Comfort LNG will bring hundreds of millions of dollars of revenue to the county and state as well as provide hundreds of long-term jobs.”
Lloyds Energy will utilize two (2) 4.5 MTPA Near Shore Floating LNG vessels, each about the size of an aircraft carrier, as well as additional support barges and on shore facilities. In addition to the jobs created during the construction phase, the project will create approximately 700 direct, long-term jobs and thousands of indirect jobs and additional economic benefits.
Lloyds Energy Group LLC is a subsidiary of LE Group Holding Pte Ltd
Lloyds Energy was established in 2013 with the strategic aim of delivering LNG to the global market through the efficient processing of significant pipeline gas supplies. This aim is achieved by utilizing a near shore LNG concept. Over the course of three years, Lloyds Energy has grown rapidly in the fields of Near Shore LNG, creating a rich quality gas supply and midstream pipeline connection for 1.25 Bcf/d, which is approximately equivalent to 9, MTPA or 468 million mmBtu per year, establishing strong international alliances with off takers and two major engineering groups specializing in LNG, and building a team of experts. Lloyds Energy continues to expand its activities in the LNG supply chain sector through broad and innovative service offerings.
14th April, 2016 - Lloyds Energy Limited (“Lloyds Energy”) announced today that it has signed a letter of intent with KBR-DSME joint venture, KDJV, for a front-end engineering and design/engineering, procurement, construction, installation and commissioning (FEED/EPCIC) contract for development of near-shore floating liquid natural gas (FLNG) facilities.
Lloyds Energy is a company formed to develop LNG liquefaction and export projects utilising near-shore Floating LNG (“FLNG technology with feedstock gas supplied from existing pipeline infrastructure.
Lloyds Energy’s first project will be a phased development comprising a near-shore mid-scale FLNG facility while assessing additional near-shore FLNG locations. The ultimate objective is to establish a program of multiple near-shore FLNG projects, based on one single and original design. Lloyd Energy’s near-shore FLNG technology would include the following facilities within its scope:
To lead, manage and implement the delivery of future near-shore FLNG projects, Lloyds Energy is building an internal team of FLNG specialists, many of whom have experience from the Prelude, Coral, and Bonaparte and Abadi FLNG developments.
Daewoo Shipbuilding and Marine Engineering Co., Ltd (“DSME”) Chief Business Officer, Jang Jin Kim stated: “the Lloyds Energy and KBR-DSME Consortium (“KD”) with the experienced professionals from all three companies, will create a winning team and provide innovative game changing concept to the LNG market in today’s Capex constrained industry.”
“One of the foremost EPCIC Contractors, DSME has become the front-runner in the FLNG business with considerable expertise in LNG related technologies. The world’s first FLNG named PFLNG SATU of Petronas has almost been completed and will sail away from DSME Okpo yard within a month, which enables to continually enhance our capabilities in FLNG business. DSME holds the dominant position in the LNG Carrier and FSRU markets by securing almost 40% of world market with a back log of 51 LNG carriers.
Moreover, DSME has provided a wide range of offshore oil and gas development projects to its valuable clients. As of 1Q 2016, DSME has successfully delivered more than 90 offshore projects and 1,100 commercial ships with 20 offshore projects and 105 commercial ships currently under construction.”
KBR’s President for E&C, Europe, Africa & Middle East, Jay Ibrahim stated:
“As a contractor with significant FLNG FEED experience across multiple global developments, we look forward to working with Lloyds Energy to successfully achieve their goal of developing strategically important near-shore FLNG projects across a range of locations.
“KBR is uniquely positioned in the LNG market as a contractor who can satisfy the needs of our LNG customers, regardless of the phase of a project. Our ability to design and manage projects, from concept through to construction and commissioning, underpins why we are the go-to LNG contractor across the industry and why KBR is responsible for one third of the world’s operating LNG capacity, across a range of locations globally,” continued Ibrahim.
Lloyds Energy CEO, Phil Holland, stated that “Lloyds Energy is extremely pleased to be working with KBR and DSME (KDJV) as all three companies have experienced FLNG teams with full asset-cycle exposure, from concept development through to long term asset management. DSME will imminently finish the construction of the world’s first FLNG (Petronas FLNG1). Mark Graham Lloyds Energy EVP Projects added that “we are confident that we have chosen the best contractors in the industry to support the development of our near-shore FLNG mid-scale project.”
Lloyds Energy President, Konstantinos Mitropoulos stated: Our vision at Lloyds Energy is to successfully deliver, through near-shore FLNG technology, a viable alternative to traditional and capital intensive onshore LNG developments.