Floridian Natural Gas Storage Granted Order to Reduce LNG Storage, Sendout Capacity
Posted on Jul 16, 2015 in Federal Regulation, Liquefaction, Markets and Competition | Comments Off on Floridian Natural Gas Storage Granted Order to Reduce LNG Storage, Sendout Capacity
FERC issued an order granting Floridian Natural Gas Storage Company’s request to modify the previously authorized proposed Phase 1 LNG storage facilities near Indiantown, Fla. by substituting a 1 Bcf single-containment LNG storage tank for the previously authorized 4 Bcf full-containment tank and reducing the associated Phase 1 vaporization capacity or sendout capacity from 400 MMcf/day to 100 MMcf/day. Floridian requested the scale back of Phase 1 of its project due to a changed natural gas market. No modifications were proposed to the previously authorized Phase 2 facilities which would increase LNG storage capacity by 4 Bcf and sendout capacity by 400 MMcf/day.