BG Group Secures OK To Construct US Lake Charles LNG Export Project
December 18 2015 - 2:50AM
Dow Jones News
By Alex MacDonald
LONDON--U.K. gas major BG Group PLC (BG.LN) said Friday that it
has received approval from the U.S. Federal Energy Regulatory
Commission to construct and operate a natural gas liquefaction and
export facility at the Lake Charles liquefied natural gas export
project in Lake Charles, Louisiana.
The approval is key to securing the remaining regulatory consent
for the project, which BG Group is developing with Energy Transfer
Equity LP (ETE) and Energy Transfer Partners, L.P. (ETP). Energy
Transfer owns an existing LNG regasification facility at Lake
Charles, which will be converted to a liquefaction facility.
The project has received conditional approval to export of up to
2 billion cubic feet of natural gas a day or about 15 million
metric tons of LNG a year.
Final investment decisions from both BG Group and Energy
Transfer are expected to be taken in 2016, with construction due to
start immediately after a positive decision. First LNG exports are
forecast about four years later.
Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
December 18, 2015 02:35 ET (07:35 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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