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|FERC Shows Intention to Approve Port Arthur LNG Project|
|= Commission to make final decision on 11-mtpa project this May =|
The Federal Energy Regulatory Commission (FERC) on 31st local time released a final EIS on the Port Arthur LNG project and showed its intention to approve the project. Same as the draft EIS released last October, the commission concluded environmental impacts on surroundings could be mitigated by taking necessary measures. As a result, the project has moved closer to the realization. FERC intends to make a final decision on the project by May 1st.|
At the same day, in response to this, the project operator Sempra Energy commented "We look forward to delivering a world-class project that will create jobs and support the local economy for decades to come," highly evaluating the commission's conclusion.
The Port Arthur project is planning an LNG production/export terminal in Texas, with a production capacity of 11 million mt per year, consisting of two LNG trains, three 160,000-cubic-meter tanks and other related facilities. The first production is expected in 2023.
The project last year selected Bechtel as the facility constructor, and signed a 20-year 2-mtpa sale and purchase agreement (SPA) with Polish state-run oil firm PGNiG this January.
The project is Sempra Energy's one of three North America-based LNG projects (Cameron LNG, Energia Costa Azul, and Port Arthur). In last month, the Company announced sell-off of all the electricity assets in Chile and Peru, and its plan to focus its sources into the North Ameria.
|last modified : Fri 08 Feb, 2019 [10:17]|