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Facilities
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Simulated birds-eye view of the Floridian Natural Gas Storage facility.
(Click on image to view larger)
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The Floridian Natural Gas Storage Company LLC (FGS) facility will be located on the 145-acre Florida Steel Superfund Site in an industrial area near Indiantown, Florida, in Martin County.
The FGS facility will be what is known in the energy industry as a peak-shaving plant. Peak-shaving plants store natural gas that is delivered during non-peak periods for use during peak periods or possible supply curtailments.
The FGS facility will consist of one above-ground, 185-foot-tall liquid natural gas storage tank, refrigeration compressors that cool the gas, and re-gasification equipment to return the gas to its original state. The facility will have its own high-tech gas leak detection and fire suppression equipment and emergency shut-down systems. The size of the site will allow for a greenbelt around the plant.
The plant will be built by Chicago Bridge & Iron Company (CB&I), one of the most experienced engineering and construction firms serving the fast-growing natural gas industry. They have built more than 40 liquified natural gas terminals and peak-shaving plants and 120 cryogenic liquid natural gas storage tanks around the world. The facility and its tanks will be designed to endure hurricane conditions just as plants around the world currently do such as in Indonesia, Japan, India, Europe, and the U.S. Gulf Coast.
Natural gas will be delivered to and from the facility via Florida's two existing gas pipelines (Florida Gas Transmission - FGT and Gulfstream Natural Gas System, LLC - Gulfstream) there will be no ships or pipelines of liquified natural gas from the coast. This is not an LNG import terminal but is simply a natural gas storage facility using liquified gas technology to store gas in a tank for use when needed by customers.
The facility will use electricity purchased from Florida Power and Light to run the compressors and other equipment. The FGS facility will have a small emergency back up generation package to enable the facility to send out natural gas into the pipeline grid during emergencies if the power grid is off line like after a hurricane.
During the construction phase of the project, approximately 350 workers will be employed. Post-construction staffing is estimated to be approximately 30 people. The planned construction date is early 2008 with commercial operations beginning in mid-2011. The capital investment in the project is estimated at over $500 million.
FGS anticipates that, at full operation, over $1.5 million in taxes will be paid annually with no burden on Martin County or Indiantown infrastructures.
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