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Golden Pass PJ to Extend Construction Period to 2026
= It asking five more years due to delays of approval processes =
Golden Pass Terminal LLC, which is advancing the Golden Pass LNG production project, on 30th local time submitted a request to the Federal Energy Regulatory Commission (FERC) to extend the deadline of construction of the project facilities including LNG trains to November 2026. Due to delays in getting necessary approval and discussions after that, the company is asking five more years for construction.

The current deadline authorized by FERC in December 2016 is December 2021, five years after the approval date. It took two and a half years from the application date to acquire the FERC's approval and also took four and a half years to acquire non-FTA export permission from the Department of Energy (DOE). The permission was granted in April 2017.

The company told the uncertainty caused by delays of the approval processes led to longer-than-expected discussion after the processes. It took a final investment decision (FID) in February 2019, about two years after DOE's authorization of LNG export to non-FTA countries.

The Golden Pass LNG project will build three LNG trains at the existing import terminal, with a capacity of approximately 15.6 million mt combined per annum. The first train is expected to be completed by September 30th, 2025, which is about four years later than the current deadline.

It will take another one year to start all the three trains. The second and third trains will be completed by March 31st, 2026 and November 30th, the same year respectively.

There are many US-based LNG projects with their deadline of construction approaching as well as the Golden Pass project. The Cheniere Energy has recently filed for extension of construction of the Sabine Pass Train 6 through its subsidiary.

FERC has extended construction period of newly approved projects like the Driftwood LNG and Plaquemines LNG projects from five years to seven years.
last modified : Fri 08 Nov, 2019 [10:24]
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