Energy Transfer Issues Lake Charles LNG Project Update
Energy Transfer has received an environmental review from U.S. regulators for a natural gas export project along the Gulf Coast in Louisiana.
Energy Transfer Equity LP and Energy Transfer Partners LP announced Aug. 17 that the Federal Energy Regulatory Commission (FERC) has issued its Final Environmental Impact Statement (FEIS) for the Lake Charles LNG Export Co. LLC liquefaction project.
The issuance of the FEIS starts a 90-day period in which other federal agencies are to complete their review of the project and issue any required agency authorizations. That decision deadline is Nov. 12. The FERC authorization for the project is expected to be issued during this 90-day period.
Lake Charles LNG Co. (previously named Trunkline LNG Co. LLC) owns an LNG import terminal and regasification facility located on the Gulf Coast near Lake Charles, Louisiana. The import terminal has approximately 9 billion cubic feet (Bcf) of aboveground LNG storage capacity and the regasification facility has a run rate send-out capacity of 1.8 Bcf per day.
Lake Charles LNG is in the process of developing the liquefaction project in conjunction with BG Group plc pursuant to a project development agreement entered into in September 2013. The liquefaction project is expected to consist of three LNG trains with a combined design nameplate outlet capacity of 16.2 metric tonnes per year. Once completed, the liquefaction project will enable LCL to liquefy domestically produced natural gas and export it as LNG. By adding the new liquefaction facility and integrating with the existing Lake Charles LNG regasification/import facility, the enhanced facility will become a bi-directional facility capable of exporting and importing LNG.
Final investment decisions from both Energy Transfer and BG Group are expected in mid-2016, with construction to start immediately thereafter and first LNG exports anticipated in mid-2020.
Tags: Energy Transfer, FERC, Gulf Coast, Lake Charles LNG Export Co. LLC, LNG exports
