Monkey Island LNG has chosen to employ global exploration and production company ConocoPhillips' Optimized Cascade process liquefaction technology.
The company is set to leverage the solution for its upcoming 26 million tonnes per annum (mtpa) natural gas liquefaction and export facility in Cameron Parish, Louisiana, US.
This decision is pivotal to the company's strategy to deliver its TrueCost LNG model, which aims to provide a cost-efficient and transparent pricing model for liquefied natural gas (LNG).
Following a technology selection study, Monkey Island LNG selected the Optimized Cascade process, citing its operational flexibility, efficiency, rapid restart capabilities and performance exceeding nameplate capacity.
This technology is expected to enhance the facility's ability to supply LNG competitively and securely over the long term.
ConocoPhillips LNG Technology and Licensing lead Darren Meznarich said: “ConocoPhillips is pleased to support Monkey Island LNG with our new, mega-module Optimized Cascade template, designed to reduce costs, plot size and overall project risks for our clients.”
The project's 246-acre site benefits from a strategic location on Monkey Island in Cameron Parish, with proximity to deep-water shipping channels and a rich supply of US natural gas.
The integration of the Optimized Cascade technology underscores Monkey Island LNG's commitment to delivering a reliable and efficient LNG solution to its customers and investors.
Monkey Island LNG's flagship project will leverage its advantageous geographic position just two miles from the Gulf of Mexico, and access to abundant gas supplies.
The project features stable liquefaction technology from ConocoPhillips, a commercial structure, and a cost-effective construction plan executed by an engineering, procurement and construction contractor.
In a related development, ConocoPhillips recently signed a 20-year sales and purchase agreement with Sempra Infrastructure for 4mtpa of LNG on a free-on-board basis, solidifying its position in the LNG market.
