Details Released for Florida Peak-Shaving LNG Proposal

Speaking to a conference at Rice University in Houston, an official with Floridian Natural Gas Storage LLC said that the company hopes to receive FERC approval for its proposed LNG storage facility in May 2008 and to begin construction in the ensuing summer. Natural gas supplies will reach the facility via existing pipelines to be stored as LNG. Reuters reports that the $550 million  project would be the largest inland LNG facility in America and Florida’s first.

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