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The Federal Energy Regulatory Commission (FERC) of the United States on Thursday approved two liquefied natural gas (LNG) projects that will be added to the growing export capacity of supercooled fuel in the United States.
FERC has approved the proposed Driftwood LNG Export Terminal and associated pipeline on the west bank of the Calcasieu River, south of Lake Charles, proposed by Tellurian, and the Port LNG facility Arthur, Texas, planned by Sempra Energy.
"We are excited to start construction and deliver the first LNG in 2023," said Meg Gentle, President and CEO of Tellurian, about Driftwood LNG approval.
The Tellurian schedule for the Driftwood LNG project includes this year's final investment decision, the start of construction this year and the start of operations in 2023.
Ten other proposed LNG export projects are awaiting FERC approval, the commission said today.
"LNG exports can help increase the availability of cheap, clean burning fuels for our global allies who want an efficient, affordable and environmentally friendly source of production. FERC continues to focus on creating a regulatory ecosystem that allows new technologies to thrive, "FERC President Neil Chatterjee said in a statement.
LNG export capacity in the United States is expected to more than double by the end of 2018 to reach 8.9 billion cubic feet per day (bcf / d) by the end of 2019 , making it the world's third largest market behind Australia and Qatar, according to the Energy Information Administration (EIA).
US companies continue to plan and approve their LNG export projects, with the goal of capturing a larger share of the growing global LNG market.
For example, ExxonMobil and Qatar Petroleum made the final decision to invest in February this year to further develop the Golden Pass LNG export project at Sabine Pass, Texas, with investments of over 10 billion US dollars. The export terminal is expected to start in 2024.
By Tsvetana Paraskova for Oilprice.com
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