Pangea Gets DoE OK for LNG Exports, but Still Awaits Several Others
Pangea LNG (North America) Holdings said the Department of Energy gave it long-term, multi-contract authorization to export liquefied natural gas to free trade agreement nations from its South Texas LNG Project currently in development on Corpus Christi Bay. The authorization…
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is to export up to 8 million metric tons per annum (mtpa) of LNG for a 25-year term beginning on the date of its first export. Its application for authorization to export LNG to any country with which the U.S. does not have a free trade agreement in effect is still pending. The South Texas LNG Project also still is subject to federal, state and local regulatory approvals, with the Federal Energy Regulatory Commission acting as the lead federal agency. Pangea said it will begin the FERC pre-filing process by the second quarter of 2013 and expects the project to be in operation by at least 2018.