Strategically located near major shale-gas plays and boasting a vast network of gas pipelines, Argent LNG benefits from ideal marine conditions, supportive political and community environments, and existing infrastructure.
LNG has incentivized coal-to-gas switching in Europe and US - What about the rest of the world? It is critical for the World to transition away from coal and focus on LNG. Haynesville and Appalachian Gas provide the lowest CO2 emission intensity.
US LNG delivered to Asia has on average a 50% lower emissions than domestically produced Asian Coal.
The facility will employ ConocoPhillips' efficient and
reliable process. ConocoPhillips has been operating LNG facilities since 1964.
Argent LNG will be the first to utilize electricity generated
by Wind. It will be supplemented by gas-generated
electric compression motors on each train to drive energy, aligning seamlessly
with the plot plan and meeting stringent emission requirements.
The facility, spanning up to 150 acres west of Belle Pass, beyond the current port development, is designed with Worley as the program managers, Kiewit as the EPC contractor, and utilizing ConocoPhillips technology and operational excellance with a total capacity of 10 MTPA. The estimated cost for the initial phase is US $10 billion. Additionally, the project includes a smaller-scale liquefaction plant tailored to supply LNG for the next generation of LNG-powered Offshore Supply Vessels (OSVs) in the Gulf of Mexico.
Argent LNG will provide fuel to power generation assets across Japan, Southeast Asia, Europe, South America, the Caribbean, and the MENA region. Ensuring a reliable energy supply to allied nations across the Americas is a top priority.
Argent LNG is addressing the anticipated LNG supply shortfall by 2030 which requires concerted efforts from governments, industry stakeholders, and international organizations. By implementing strategies to accelerate project development, enhance infrastructure, diversify supply sources, foster technological innovation, and promote demand-side measures, the LNG industry can mitigate supply risks and ensure a stable and sustainable LNG supply chain to meet future energy needs. Proactive collaboration and strategic planning are essential to navigate the challenges and opportunities in the evolving LNG market landscape.
Port Fourchon and Argent LNG are assessing the challenges presented by port traffic in various regions across the country. Port Fourchon stands out as an optimal location to cater to the increasing market demand, simultaneously mitigating unnecessary drayage expenses.