Freeport LNG ups the volume
Freeport LNG Expansion LP and FLNG Liquefaction (Freeport) are to export additional volumes of domestically-produced LNG after receiving authorisation from the US Energy Department.
Freeport will export extra LNG to countries that do not have a Free Trade Agreement (FTA) with the United States from the Freeport LNG terminal in Quintana Island, Texas.
Subject to environmental review and final regulatory approval, the facility is authorised to sell an additional 0.4 billion cubic feet per day (Bcf/d), for a total rate of up to 1.8 Bcf/d, for a period of 20 years.
The US Energy Department says the development of US natural gas resources is having a transformative impact on the country’s landscape, helping to improve its energy security while encouraging job creation around the country.
This increase in domestic natural gas production is expected to continue, with the Energy Information Administration forecasting a total natural gas production rate of 70.3 Bcf/s in 2013.