Eagle LNG’s Jacksonville LNG Export Facility Receives Final Environmental Impact Statement from FERC

April 12, 2019 Business Wire

JACKSONVILLE, Fla.–(BUSINESS WIRE)–Eagle LNG Partners (“Eagle LNG”) announced today that it reached a major milestone, receiving the Final Environmental Impact Statement (“FEIS”) from the United States Federal Energy Regulatory Commission (“FERC”) to construct the Jacksonville LNG Export Facility. This is the final step in the environmental review process before the final Federal Authorization Decision Deadline and anticipated FERC approval of the project.

“Achieving this critical milestone is a significant step forward for Eagle’s Jacksonville LNG Export Facility as we continue to advance our efforts to supply clean burning, domestic and affordable LNG for marine bunkering and small-scale LNG export to both domestic and international markets,” said Sean Lalani, President of Eagle LNG. “We appreciate the continued support we have received from regulators, the Jacksonville and North Florida communities, and local agencies.”

The FEIS is a result of FERC’s comprehensive process that Eagle LNG started in December 2014, and includes the completion of numerous comprehensive environmental, safety and security reviews involving input from both federal and state agencies and various stakeholders. The FEIS is a key step for Eagle LNG in their commitment to develop small-scale LNG projects.

The proposed Jacksonville LNG Export Facility will initially consist of three liquefaction trains, which, at full build-out, will be capable of producing up to 1.65 million gallons of LNG per day, or approximately 1 million tonnes per annum. “The Jacksonville LNG Export Facility, with its prime Florida East Coast location, will give us a unique and competitive advantage in helping provide some of the lowest-cost power generation for nearby Caribbean countries. With approximately $500 million of infrastructure investment, this project will continue to generate numerous well-paying direct and indirect jobs in Florida,” said Sean Lalani, President of Eagle LNG.

About Eagle LNG Partners (“Eagle LNG”)

Eagle LNG is a wholly-owned subsidiary of Ferus Natural Gas Fuels LP, a privately-held portfolio company of The Energy & Minerals Group. Eagle LNG provides affordable, efficient and clean-burning energy. It develops small-scale LNG fueling solutions for marine industries as well as power generation in the Caribbean and Central America. Eagle LNG is based in Houston, Texas. For additional information, please visit www.eaglelng.com.

About The Energy & Minerals Group (“EMG”)

EMG is the management company for a series of specialized private equity funds. EMG focuses on investing across various facets of the global natural resource industry including the upstream and midstream segments of the energy complex. EMG has approximately $15 billion of regulatory assets under management and approximately $11 billion in commitments have been allocated across the energy sector since inception. For additional information, please visit www.emgtx.com.