U.S. approves first export plant

June 2012, Vol. 67 No. 6

The Federal Energy Regulatory Commission on April 16 approved plans by units of Cheniere Energy Partners to add up to four modular trains of natural-gas liquefaction and export capability to an existing liquefied-natural gas terminal in Cameron Parish, LA.

Cheniere said the FERC approval, the agency’s first for an LNAG export facility in the U.S., clears the way for the firm to secure the remaining financing for the $10-billion project.

In 2011, Cheniere entered into a lump-sum turnkey contract with Bechtel Corp. to engineer, procure and construct the first two trains capable of exporting nine million tons a year of LNG. Commercial operation is set for 2015-16. Cheniere already holds long-term pacts to send 16 million tons per year through the facility.