New LNG Terminal Construction To Begin Immediately With US Regulatory Approval - Operator

Construction of a new liquefied natural gas (LNG) export terminal on the US Gulf of Mexico coast will begin immediately after receiving regulatory approval by the Federal Energy Regulatory Commission (FERC), project operator Venture Global LNG announced in a press release on Friday

WASHINGTON (UrduPoint News / Sputnik - 22nd February, 2019) Construction of a new liquefied natural gas (LNG) export terminal on the US Gulf of Mexico coast will begin immediately after receiving regulatory approval by the Federal Energy Regulatory Commission (FERC), project operator Venture Global LNG announced in a press release on Friday.

"With our FERC order in hand... we plan to immediately commence construction activities in Louisiana in close coordination with FERC and other agencies," Venture Global Co-CEOs Bob Pender and Mike Sabel said in the release.

Earlier on Friday, FERC approved the company's Calcasieu Pass export terminal and factory to liquefy dry natural gas in the state of Louisiana.

The approval also included a pipeline linking the terminal to larger interstate pipelines to supply natural gas for liquefaction.

A recent forecast by the US Department of Energy predicted that US LNG exports would increase to 8.9 billion cubic feet per day by the end of 2019 from the present 3.6 billion, placing the United States in the top three of the world's largest LNG producers along with Australia and Qatar.

There are currently three large-scale US LNG export terminals in operation and three under construction, according to the Energy Department.