Monday, December 15, 2014

Venture Global LNG Proposes Facility in Cameron

Venture Global LNG announced last week that it plans to invest $4.25 billion in an LNG export terminal at the Calcasieu Ship Channel in Cameron Parish, LA to export up to 10 million tonnes of liquefied natural gas abroad.  The company is planning for a 2016 construction start with operations beginning in 2019, pending approval of all its permits.

The linked article is written as if the project is a fait accompli, but the company only has DOE approval to export to any country with a free trade agreement with the U.S., which is the most basic approval.  To be viable, the terminal needs approval from FERC to build the infrastructure (not that hard to achieve) and from the DOE to export to non-free trade countries (much harder to get).  If all pending applications to the DOE are approved, it would be one of three export sites in Cameron Parish.

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