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Parallax starts permitting process on Live Oak LNG in USA

Parallax Energy selects Louisiana Calcacieu Parish

2B1st_Project_Smart_Explorer_Sales_Pursuit_ToolThe newly established company Parallax Energy LLC (Parallax) has chosen a site in Louisiana Calcacieu Parish along the US Gulf Coast to build and operate its first project, the Live Oak LNG as liquefied natural gas (LNG) export terminal.

Even though Parallax may have a start up profile as a company, its management accumulates more than hundred years experience in the LNG industry.

Parallax_Live-Oak-LNG_Calcacieu-Parish_Project_MapPreviously BG Group  Chief Operating Officer (COO), Martin Houston created Parallax  in March 2014 to approach “ENERGY FROM A DIFFERENT PERSPECTIVE”.

In practice the purpose is to establish the shortest link between the gas production from its partner Millennial Energy (Millennial) and the global LNG Market.

Headquartered in Houston, Texas, Parallax intends to propose the cost-optimized gas liquefaction and exportation business model with a mid-scale LNG train project such as presented in Live Oak LNG.

In a context where large companies struggle with giant projects costs in front of lowering oil and gas prices, Parallax illustrates how small or mid-cap companies find their way with integrated upstreammidstream business model to reduce the route to markets and related costs and risks.

From his experience with BG Group Trunkline LNG project in Lake Charles, Martin Houston and his team are aware of the challenges to run through the different approval processes and intend to handle them on fast track.

Parallax Live Oak LNG project reaches FEED stage

Parallax established the Live Oak LLC subsidiary to develop its Calcacieu Parish LNG project.

This mid-size LNG project is estimated to require $2 billion capital expenditure covering:

Parallax_Live-Oak-LNG_Calcacieu-Parish_Project – LNG plant

 – LNG storage tanks

 – Jetty and port facilities

With this limited budget the Live Oak LNG project should have anyway a 5 million tonne per year (t/y) production capacity.

The storage tanks should hold 130,000 cubic meters of gas.

To build it up, Parallax took an option on a 350 acres site on Calcacieu River west bank.  

Live Oak LNG project should receive the gas from the local network of pipeline system supplying the whole county and it should export its LNG by conventional Panama type LNG carriers.

On second quarter 2015, Parallax will proceed with the submission of the Pre-Filling Request as the first step for the Federal Energy Regulatory Commission (FERC) Approval Process.

Since Parallax is completing the conceptual design of the Live Oak LNG project, the environmental impact assessment should start soon after the request submission.

Based on the current schedule, Parallax is expecting to start the front end engineering and design (FEED) on second half 2015 in order to award the engineering, procurement and construction (EPC) contract at the end of 2016 for a completion of the Live Oak LNG project in Calcacieu Parish by 2019.

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