|The TEX Report Topics < LNG >|
|HOME >> Topics List >> November, 2019 >> 05 (Tue)|
|Commonwealth Files for LNG Export Permission|
|= Requesting DOE to approve 9.5 mtpa exports by Jan 2021 =|
Commonwealth LNG filed for LNG export permission to the Department of Energy (DOE) this October. The company now planning a new LNG production/export terminal in Louisiana is requesting for exports of up to 9.5 million per annum combined (441.4 Bcf) of LNG to FTA and non-FTA countries.|
The requested period is 25 years for FTA and 20 years for non-FTA countries. It plans to commence export no later than seven years after the approval date, and is also requesting DOE to approve it no later than January 2021.
The company has already filed for the project to the Federal Energy Regulatory Commission (FERC) and the commission released a schedule for environmental assessment this October. FERC is expected to make a final decision on the project by the end of 2020.
The LNG project plans to build a new terminal along the Calcasieu Ship Channel nearby the Gulf of Mexico, consisting of six 1.4-mtpa liquefaction units and related facilities. Commonwealth LNG is targeting a final investment decision (FID) for the project in the first quarter of 2021 aimed at commencing production in the first quarter of 2024.
Meanwhile, no export contract has been inked so far, and hence the company only told DOE they would report new contracts upon concluded. It has signed a Memorandum of Understanding (MOU) with international trader Gunvor on sales of 1.5 mtpa of LNG over the course of 15 years.
Along with the application, the company also requested DOE to withdraw the application submitted by it as Waller LNG Services. Waller LNG Services had acquired permission to export 0.16 Bcf a day of LNG to FTA and 0.19 Bcf a day to non-FTA.
|last modified : Mon 11 Nov, 2019 [10:28]|