Freeport LNG files for re-export licence renewal

Texas-based terminal operator Freeport LNG has filed an application with the US Department of Energy (DoE) for renewal of its blanket authorization to export LNG previously imported into the US from foreign sources.

The application relates to the amount up to the equivalent of 24 billion cubic feet (Bcf) of natural gas on a short-term or spot market basis for a two-year period starting on July 19th, 2015.

If approved, Freeport LNG would export the LNG from the terminal located on Quintana Island, Texas, to any country with the capacity to import LNG via ocean-going carrier and with which trade is not prohibited by U.S. law or policy.

The company currently holds a blanket authorization to import LNG from various international sources by vessel in an amount up to the equivalent of 30 Bcf of natural gas.

DoE said that in reviewing the application it would consider domestic need for the gas as well as other issues, such as consistency with DoE’s policy of competition and free negotiations on trade arrangements and environmental effects.