Company Aims to Build LNG Export Terminal on Delaware River for European Markets
Penn American Energy is in the early stages of developing a $6.8 billion liquefied natural gas (LNG) export terminal in Pennsylvania, the nation’s second largest producer of natural gas. Texas is the top producer.
The company has evaluated sites in Pennsylvania, New Jersey, and Delaware but has settled on a not-yet-specified location on the Delaware River, likely near the port of Philadelphia, according to testimony by Frank James, founder and chairman of Penn American Energy, speaking during an October hearing of the Pennsylvania Senate Environmental Resources and Energy Committee.
“There are parcels that are under real estate agreement, and we look to make a decision in the very near term,” James said, adding that a decision could happen yet this year. He anticipates 2,000 union labor jobs will be needed to build the LNG terminal….