HOUSTON
&
DALLAS
--(BUSINESS WIRE)--Dec. 17, 2015--
BG Group
(LSE:
BG.L) and
Energy Transfer Equity
, L.P. (NYSE: ETE) and
Energy Transfer Partners, L.P.
(NYSE: ETP) (collectively, “Energy Transfer”) today
announced that the
Lake Charles LNG Project
has
received approval from the
US Federal Energy Regulatory Commission
(FERC) to
site, construct and operate a natural gas liquefaction and
export facility in
Lake Charles, Louisiana
. FERC approval was a key remaining regulatory consent for
the
Lake Charles LNG Project
.
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With a conditional authorization from the
US Department of Energy
to export
up to 2 billion cubic feet of natural gas per day (or
approximately 15 million metric tons of LNG per annum),
the
Lake Charles LNG Project
is
expected to be one of the largest LNG export initiatives
in
the United States
. The technology chosen for the project, which includes
aero derivative turbines with selective catalytic
reduction, is designed to make it one of the most
efficient and cleanest operating LNG facilities in the
world, with air emissions expected to be well below US and
state limits.
“Our focus is on being a good neighbor in
Lake Charles
, where we’ll be working in a collaborative manner with
local communities to minimize the impacts from
construction,” said
Jason Klein
, General Manager for BG Group’s America Asset. “At
the same time, we’re excited about our role in the
economic expansion of
Southwest Louisiana
. Lake Charles LNG has the potential to create several
thousand jobs during construction and if fully operational
could result in approximately 250 long-term operational
positions – sustainable jobs for current and future
generations.”
Final investment decisions from both
BG Group
and
Energy Transfer
are
expected to be made in 2016, with construction to start
immediately following a positive decision and first LNG
exports anticipated about four years later.
Energy Transfer
owns the
existing LNG regasification facility in
Lake Charles
. By taking advantage of a brownfield site that includes
LNG tanks and other existing infrastructure, as well as
access to a highly developed and liquid gas market, the
Lake Charles LNG Project
has the
capability to be one of the most competitive new supply
sources for LNG and would significantly add to BG
Group’s global LNG supply portfolio.
Energy Transfer
, which will become the largest transporter of natural gas
in
the United States
upon the
close of the previously announced transaction with
The Williams Companies, Inc.
, will provide pipeline transportation services on its
Trunkline Gas
pipeline
system sufficient to supply Lake Charles LNG.
BG Group
is
responsible for selecting the engineering, procurement and
construction contractor and managing construction. Upon
completion,
BG Group
would
operate and be responsible for the LNG offtake from the
facility.