Lake Charles LNG receives FERC Final Environmental Impact Statement
19 August 2015
The Lake Charles LNG Project, which is being developed by BG Group and Energy Transfer, recently received its Final Environmental Impact Statement from the Federal Energy Regulatory Commission (FERC).
This represents a key regulatory milestone for the three-train liquefaction project in Louisiana, USA. The US Department of Energy has conditionally granted authorization to a jointly owned subsidiary of BG Group and Energy Transfer to export up to approximately 15 mtpa of LNG from the project to non-Free Trade Agreement nations. FERC authorization for Lake Charles LNG – the last major regulatory hurdle – is expected during the next 90 days. Final investment decision on the project is expected next year.
BG Group has positioned itself to be a leading exporter of LNG from the US and expects to lift cargoes from Sabine Pass from early 2016. BG Group’s 20-year offtake agreement for LNG from Sabine Pass includes 3.5 mtpa from train 1 plus an additional 2 mtpa ramping up across all four trains.
LNG Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
