Energy Transfer requests more time to build Lake Charles LNG plant (U.S.)
Energy Transfer, the pipeline company developing a LNG export facility in Louisiana, is asking federal regulators to extend the deadline by three years for construction of its plant.
Energy Transfer's Lake Charles project is expected to benefit from President Donald Trump's attempt to unleash American energy by supporting oil, gas and LNG exports. The U.S. is already the largest exporter of LNG in the world and a key supplier of natural gas to Europe.
Lake Charles was impacted by the Biden administration's refusal to grant an extension to Energy Transfer's license to export to countries other than those that have free trade agreements with the United States.
Former President Joe Biden subsequently declared a moratorium on new export licenses for LNG plants pending an environmental impact study. Its new request would push the construction deadline to 2031.
Energy Transfer's application cites the moratorium, the fact that it does not have a license to export to countries that do not have a free trade agreement with the United States, the impact of the Biden pause on new licenses and the limited number of contractors with the ability to build LNG plants as reasons for its delays in executing the project.
Energy Transfer said it has final sales agreements and non-binding agreements for 15 MMtpy of the facility's 16.5 MMtpy capacity, and that it was making good progress toward a final investment decision.
Energy Transfer signed a non-binding agreement last week with MidOcean Energy for 5 MMtpy of LNG and a 30% stake in Lake Charles.
Related News
Related News
- U.S. ethane exports to China hit new roadblock with license requirement
- Australia clears Woodside to run North West Shelf LNG plant to 2070
- Egypt agrees to buy up to 160 LNG cargoes through 2026
- Shell to add up to 12 MMt of additional LNG capacity by 2030
- Siemens and TURN2X join forces to scale up green energy production
Comments