What are the Prospects for a Philadelphia LNG Export Terminal?

In June, seemingly out of nowhere, a plan to build an LNG export facility on the banks of the Delaware River south of Philadelphia made big headlines in Philly (see Philadelphia LNG Export Project Still Very Much Alive & Advancing). Penn LNG, headed by Franc James, a native of Philadelphia, has “quietly lined up support to build a $6.4 billion liquefied natural gas export terminal near Philly.” While acknowledging such a project will face stiff opposition, James said he is planning to pre-file with Federal Energy Regulatory Commission (FERC) by the end of this year and reach a final investment decision (FID) by 2024. The experts at RBN Energy take a close look at Penn LNG to evaluate just how likely (or not) the project (or any LNG project in the northeast) will get built.

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