Pangea LNG’s FTA export authority vacated by DOE
US Department of Energy issued an order granting Pangea’s requests to vacate notices granting the company to export liquefied natural gas from a proposed South Texas LNG export project on Corpus Christi Bay.
In January of 2013, DOE granted long-term, multi-contract authorization to Pangea LNG to export 398,5 billion cubic feet per year of natural gas for a term of 25 years to free-trade agreement countries, DOE said in its notice.
The company also informed during March 2014, it had entered into an agreement with NextDecade Partners that looked to acquire 100% ownership interest in Pangea.
A recent notice by Pangea shows that the company has not exported any LNG to FTA or non-FTA countries and is no longer pursuing efforts to export LNG. Pangea also informed that the control of the company was never transferred to NextDecade Partners and is no longer being contemplated.
It, therefore, requested DOE to vacate all authorizations.
Image: Pangea LNG