Penn LNG, headed by a native Philadelphian, has quietly lined up support to build a $6.4 billion liquefied natural gas export terminal near Philly. The energy project faces many challenges.
a plan by New Fortress Energy to liquefy natural gas at a proposed plant in northeastern Pennsylvania and transport the fuel by rail to the Repauno marine terminal in Gibbstown, Gloucester County. The Penn LNG proposal differs from the New Fortress plan in that LNG would be manufactured at the marine terminal itself.
Franc James, the founder of Penn LNG, declined to discuss the project in detail when he was reached by phone on Wednesday, citing nondisclosure agreements. He said he was in Harrisburg working on the LNG project. James made an unsuccessful attempt in 2015 to enlist the city of Philadelphia to“In the past year, we have made great progress in the most important elements of a project, forming a team and looking to source the cleanest natural gas possible,” Penn LNG said in an email response to questions. Chesapeake Energy Corp., a large gas producer in the Marcellus Shale region, tagged Penn LNG as an “advanced project” inin Dallas on April 6. A spokesperson for the Marcellus Shale Coalition identified Penn LNG as a project the trade group was “keeping a close watch on.” Snell says Penn LNG is keen on a property in Chester at 800 W. Front St., the location of a former Ford assembly plant that shut down in 1961 and was repurposed as a warehouse. The site has a deepwater port and a rail connection, and is close to several large interstate gas pipelines. But pipeline capacity may need enlargement to handle the one billion cubic feet of gas a day, or more than seven million metric tons a year, that the Penn LNG project proposes to export.on the land, says he is not interested in selling. He said he has not heard from James in several years and was irked that his property is still in discussion. “Let me just be clear: There’s no agreement, and there will be no agreement for an LNG plant on that site,” Gerace said. ”I have a full business using the site.” Penn LNG was unspecific about a potential location. “We are evaluating every opportunity along the Delaware River and Chester is viable,” the company said in its email. James, 59, the founder of Penn LNG, a child of two physicians who grew up in Philadelphia and attended, has been focused on creating an LNG facility in the Philadelphia area for about a decade. James was a partner with a firm exporting iron ore from India in 2012 when he formed Indo America Energy Group to export LNG to India. In 2015, he founded Penn America Energy and teamed up with former Gov. Tom Ridgenext to the Philadelphia Gas Works plant in Port Richmond. The city rejected Penn America’s proposal. Penn America has not built anything to date, though James has continued to press on with the LNG vision. Penn Energy’s effort in 2015 wasn’t the region’s first unsuccessful LNG venture. Two companies explored building LNG terminals in Philadelphia and in New Jersey in 2005 — they would have beenterminals since U.S. markets were starved for natural gas at the time. Community activists opposed the plans, primarily on safety grounds, and they were scuttled.Building a new natural gas liquefaction plant anywhere in the United States is a tall order, requiring huge amounts of capital and years for permitting and construction, during which time the markets might shift dramatically. LNG plants include massive refrigeration units that cool natural gas to minus-260 degrees, the point at which methane gas turns into a liquid. The fuel is stored and transported in insulated tanks and must be reheated into vapor before it is consumed. Penn LNG is just one of several ventures competing to grab a share of the soaring worldwide LNG market. In Europe, buyers looking for alternatives to Russian energy are paying four times more for natural gas than it sells for in the United States, creating an arbitrage opportunity for anybody able to produce LNG here and transport the liquid fuel overseas. U.S. gas liquefiers are operating nearly at full capacity. The United States began exporting LNG only six years ago after domestic natural gas production surged dramatically with the adoption of fracking technology. U.S. LNG producers can
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