US gives final nod for Texas LNG export

US gives final nod for Texas LNG export

by Big Mac

A project to export Liquefied Natural Gas (LNG) from Texas has become the latest major proposed facility to receive full federal authorisation in the US.
The Department of Energy (DOE) issued the final authorisation for Freeport LNG Expansion to export LNG to countries that do not have a Free Trade Agreement (FTA) with the US.
The facility in Quintana Island will be able to export LNG up to the equivalent of 1.4 billion standard cubic feet per day (Bcf/d) of natural gas.
The DOE had granted the project conditional approval last year.
“The development of US natural gas resources is having a transformative impact on the energy landscape, helping to improve our energy security while spurring economic development and job creation around the country”, the DOE said.
Domestic natural gas production is expected to continue to rise in the US, with the Energy Information Administration forecasting a record production rate of 75.05 Bcf/d this year.