SCT&E LNG has been granted authorisation from the Department of Energy (DOE) to export LNG to countries with whom the US has a Free Trade Agreement (FTA) for a period of 30 years.
The DOE conducted an extensive review of the application to export LNG from the future SCT&E LNG Export Terminal and determined that exports are not inconsistent with the public interest. From its proposed 246 acre LNG project site on Monkey Island in Cameron Parish, Louisiana, SCT&E LNG plans to liquefy approximately 1.6 billion ft3/d of natural gas to produce approximately 12 million tpy of domestically produced LNG.
The project is expected to bring millions of dollars in tax revenues to the local, state, and federal government. It will also support over 23 000 jobs nationwide and contribute to the energy security of key US trading partners. The US$9.2 billion SCT&E LNG project will create more than 2000 direct construction jobs and more than 200 high paying permanent local jobs.
SCT&E LNG CEO, Greg Michaels, commented: "We are extremely pleased with the DOE's approval at this time. Those that are concerned about climate change should also be extremely pleased with this approval. This project will be a substantial component to the international transition from the burning of traditional dirty fuels to clean burning natural gas."
At the next stage of the project, SCT&E LNG seeks to obtain approval from the Federal Energy Regulatory Commission (FERC) for siting, construction, and operation of its LNG facilities. During this FERC process, SCT&E LNG will also need to achieve National Environmental Policy Act (NEPA) compliance. A final regulatory step involves the non-additive approval from the DOE for export authorisation of 12 million tpy to non-FTA countries.
SCT&E LNG is currently in the process of developing a US$40 million private offering for investment into the company.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquefaction/17122014/green-light-for-louisiana-lng-exports-1970/