Pipeline operator Energy Transfer (ET.N) applies for a fast-track export license for its liquefied natural gas (LNG) project in Lake Charles, Louisiana. This process is registered with the US Department of Energy (DOE). The DOE had refused a previous license extension in May.
Fast-track license application for Lake Charles LNG project
Energy Transfer (ET.N) is applying for a new fast-track export license for its liquefied natural gas (LNG) project in Lake Charles, Louisiana. This request is made as a pipeline operator. Energy Transfer registers this approach with the U.S. Department of Energy (DOE). This follows the previous refusal of a license extension for the company. The latter then stated that it would not be able to complete the plant before the current license expired in 2025, and hoped to obtain a new license by February 19, 2024 to extend the project by seven years. The company cited unforeseen delays and the addition of a carbon capture component as reasons for the delay. Energy Transfer is a major natural gas pipeline operator in the United States. It has long-term agreements to supply part of the LNG plant’s capacity. The project is crucial for customers in Japan and South Korea. Competitor Commonwealth LNG is not opposed to this fast-track application.
U.S. LNG projects: New export application fast-tracked by Energy Transfer
Pipeline specialist Energy Transfer (ET.N) recently submitted a fast-track application for an export license for its liquefied natural gas (LNG) project in Lake Charles, Louisiana. The U.S. Department of Energy (DOE) had effectively denied Energy Transfer a license extension. The company therefore anticipates a delay in plant construction, and hopes to obtain a new license before February 2024. Among the reasons for the delay were unforeseen delays and the integration of a carbon capture component.
“A delay in the expedited approval of this application will likely result in the exercise of termination rights in existing purchase agreements,” Energy Transfer wrote.
Energy Transfer applies for a new export license for its Lake Charles LNG project
Energy Transfer (ET.N), the pipeline company, has applied for an accelerated export license for its liquefied natural gas (LNG) project in Lake Charles, Louisiana. The U.S. Department of Energy (DOE) had refused an earlier license extension. Energy Transfer is considering a new deadline of 2024 to complete the project, citing unforeseen delays and the addition of carbon capture technology. The company stressed that the project was crucial for Japanese and South Korean customers. Commonwealth LNG, a competitor, has stated that it has no objection to the acceleration of this request.
Energy Transfer applies for fast-track license for Lake Charles LNG project
Pipeline company Energy Transfer (ET.N) has applied for a new fast-track export license for its liquefied natural gas (LNG) project in Lake Charles, Louisiana. After being refused a license extension, Energy Transfer attributed its delay to unforeseen factors and the addition of carbon capture. The new license would thus be granted before February 2024, offering a further seven years to complete the crucial project. This project is essential for Japanese and South Korean customers. Competitor Commonwealth LNG is not opposed to this approach.
Commonwealth LNG is focusing on its own project,” said Lyle Hanna, Vice President. “We’re moving forward with our project and what’s going on between DOE and Energy Transfer has nothing to do with us,” added Hanna.
