Gulfstream LNG Development LLC, a greenfield natural gas export project proposed for Louisiana, has received a permit to deliver to free trade agreement (FTA) countries from the U.S. Department of Energy (DOE).
The firm in March requested an FTA and non-FTA permit for the estimated 237.5 Bcf/year or 650 MMcf/d project. In its order, DOE found that the Houston-based company met the requirements for export approval to the 18 FTA countries until the end of 2050.
Gulfstream is the latest project from liquefied natural gas veteran Vivek Chandra, founder and equity shareholder in Texas LNG. A unit of Glenfarne Group became the majority owner and operator of Texas LNG in 2019.
Chandra said initial financing would be the next focus before the firm seeks approval from FERC.
“We hope to be the first greenfield LNG project to enter the Federal Energy Regulatory Commission permitting process since 2019,” Chandra wrote in a post on LinkedIn. “FERC pre-filing process to begin as soon as our first tranche of equity funding is secured.”
The company has not signed any agreements for offtake with prospective customers, according to DOE filings.
Gulfstream is proposed for a 500-acre site in Plaquemines Parish, LA. The firm reported that it has signed a lease agreement with a land developer, Louisiana 23 Development Co.
Gulfstream LNG said it plans to feed the facility with Lower 48 natural gas through agreements with High Point Gas Transmission LLC, Gulf South Pipeline Co. LLC and possibly other regional pipeline operators.
