DOE Approves Two More Applications to Export LNG to FTA Nations
Posted on Dec 2, 2013 in Federal Regulation, LNG Exports | Comments Off on DOE Approves Two More Applications to Export LNG to FTA Nations
The U.S. Department of Energy has approved EOS LNG LLC’s and Barca LNG LLC’s applications to export LNG from a proposed floating liquefaction unit and storage tanker at the Port of Brownsville, Texas to nations with a Free Trade Agreement (FTA) with the United States. Barca and EOS are each authorized to export 1.6 Bcf of LNG per day. Rather than enter into Liquefaction Tolling Agreements, Barca and EOS both plan to purchase natural gas at the domestic Henry Hub futures price and sell it internationally at the prevailing market rate. EOS’s order can be found here and Barca’s order can be found here. The complete dockets for each application can be found here.