The US Department of Energy (DOE) has issued two long-term orders authorizing an additional 0.5 BCF/D of gas (in form of LNG) exports from two LNG export projects: Golden Pass LNG in Texas and Magnolia LNG in Louisiana.
The US Department of Energy (DOE) has issued two long-term orders authorizing an additional 0.5 BCF/D of gas (in form of LNG) exports from two LNG export projects: Golden Pass LNG in Texas and Magnolia LNG in Louisiana.
The orders allow the under-construction Golden Pass LNG project to export the equivalent of an additional 0.35 BCF/D and the proposed Magnolia LNG project to export an additional 0.15 BCF/D of natural gas as LNG “to any country not prohibited by U.S. law or policy”.
According to the
Global LNG Database®, the 15.6 MMT/Y Golden Pass LNG export project’s shareholders are Qatar Petroleum International (QPI) 70%, ExxonMobil 30 %. The project is currently under construction in Sabine Pass, Texas, with first exports expected in the middle of 2024.
DOE had previously issued long-term non-free trade agreement export orders for the majority of the projects’ capacities, with Magnolia LNG’s authorization for 1.08 BCF/D in 2016 and an authorization for 2.21 BCF/D issued to Golden Pass LNG in 2017.
“The two orders issued today align the projects’ respective export authorizations to additional capacity that the Federal Energy Regulatory Commission had approved for the projects based on optimized project designs.”
US LNG exports have recently reached new highs of approximately 12 BCF/D and are expected to grow to more than 13 BCF/D by the end of this year as additional export capacity comes online.
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