FERC approves Lake Charles LNG

BG Group and Energy Transfer said that the Lake Charles LNG project in Lousiana received approval to site, construct and operate the natural gas liquefaction and export facility from the Federal Energy Regulatory Commission.

The export project will be constructed at the existing LNG regasification facility in Lake Charles owned by Energy Transfer, the two companies said in a statement on Thursday.

Lake Charles LNG project already has a conditional permission from the U.S. Department of Energy to export up to 15 million tons of LNG per year.

“Final investment decisions from both BG Group and Energy Transfer are expected to be made in 2016, with construction to start immediately following a positive decision and first LNG exports anticipated about four years later,” the statement reads.

BG Group is in charge of selecting the engineering, procurement and construction contractor as well as managing the construction and will operate the plant upon the construction completion and also be responsible for the LNG offtake.

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LNG World News Staff