A proposed liquefied natural gas import project in Florida has become a casualty of a boom in domestic production that is poised to see the U.S. become an exporter of the power plant fuel by 2017.
Port Dolphin Energy LLC is abandoning plans for a 1,200 million cubic feet a day port in Manatee County and has asked the Federal Energy Regulatory Commission to vacate its permits, according to a filing with the agency on Friday. The LNG plant, designed to serve Florida’s Gulf Coast, was scrapped for a lack of buyers and “catastrophic changes” in market fundamentals, the company said.
