Energy Transfer is asking federal regulators to extend the deadline of its Louisiana LNG export facility by three years for construction of its plant.
Energy Transfer's Lake Charles LNG project is expected to benefit from President Donald Trump's attempt to unleash American energy by supporting oil, gas and LNG exports. The U.S. is already the largest exporter of LNG in the world and a key supplier of natural gas to Europe.
Lake Charles was impacted by the Biden administration's refusal to grant an extension to Energy Transfer's license to export to countries other than those that have free trade agreements with the U.S.
Former President Joe Biden subsequently declared a moratorium on new export licenses for LNG plants pending an environmental impact study.
Its new request would push the construction deadline to 2031.
Energy Transfer's application cites the moratorium, the fact that it does not have a license to export to countries that do not have a free trade agreement with the U.S., the impact of the Biden pause on new licenses and the limited number of contractors with the ability to build LNG plants as reasons for its delays in executing the project.
Energy Transfer said it has final sales agreements and non-binding agreements for 15 million metric tonnes per annum (mtpa) of the facility's 16.5 million mtpa capacity, and that it was making good progress toward a final investment decision.
Energy Transfer signed a non-binding agreement last week with EIG’s MidOcean Energy for 5 mtpa of LNG and a 30% stake in Lake Charles.
RELATED
Energy Transfer, MidOcean Agree to Jointly Develop Lake Charles LNG
Recommended Reading
Williams Commissions Two NatGas Projects to Expand Transco Network
2025-04-01 - Midstream company Williams Cos. added to its network capacity in the southern U.S. with the commissioning of the Southeast Energy Connector and the Texas to Louisiana Energy Pathway.
Polar LNG Express: North American NatGas Dynamics to Change with LNG Canada
2025-02-21 - The next major natural gas export project in North America has a location advantage with Asian markets. LNG Canada opens up a new pathway that will change the price dynamics for producers.
Venture Global Plans $18B Plaquemines LNG Expansion
2025-03-06 - Venture Global’s planned $18 billion expansion of Plaquemines LNG will bring the export facility’s production capacity to 45 million tonnes per annum.
Venture Global Shares Plummet as Plaquemines LNG Price Upped by $2B
2025-03-07 - Venture Global LNG missed market expectations in its first earnings report and shares fell further with the announcement of an $18 billion brownfield expansion at Plaquemines.
Enbridge CEO: Tariffs Not a Concern but Present Chance for Reform in Canada
2025-02-14 - Enbridge’s CEO Greg Ebel says the company doesn’t see a major effect on its business with such a “hard-wired” system.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.