The U.S. Department of Energy (DOE) extended the terms of three long-term liquefied natural gas (LNG) export authorizations through 2050.
Courtesy of Cheniere
The authorizations follow seven LNG export term extensions issued last week pursuant to an export term policy statement DOE finalized in July.
DOE has received a strong positive response to the term extension policy and has now granted ten applications for LNG export term extensions through 2050, the DoE said in its statement.
The term extensions issued today include Cheniere Energy’s Sabine Pass and Corpus Christi LNG export terminals, operating in Louisiana and Texas, respectively, and Sempra Energy’s Port Arthur LNG project proposed for Port Arthur, Texas.
These issuances extend each project’s long-term LNG export authorization to both free trade and non-free trade agreement (non-FTA) countries through December 31, 2050.
The United States is among the top three global exporters of LNG, and its operating export capacity is expected to increase by more than 50 per cent by the end of 2025.
Through the term extension applications, long-term LNG export authorizations with export terms through 2050 are now held by Sabine Pass Liquefaction, Cheniere Marketing and Corpus Christi Liquefaction, and Port Arthur LNG.
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Source: LNG World News