USA: DOE Approves Two LNG Export Applications

EOS LNG and Barca LNG have won an approval from the U.S. Department of Energy (DOE) 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.

The two companies won each an authorization to export liquefied natural gas in a volume equivalent to approximately 584 billion cubic feet per year (Bcf/yr) of natural gas, or 1.6 Bcf per day (Bcf/d), from its proposed LNG terminal at the Port of Brownsville  for a 25-year term.

Eos said that it plans to buy natural gas at the domestic price of the Henry Hub futures and sell it internationally at the prevailing market rate.

However, if the profitability of this model declines, Eos will maintain the option to convert the business model to an LTA model, under which individual customers who hold title to the domestic natural gas will have the right to deliver that gas to Eos terminal at the Port of Brownsville and receive LNG in return.

LNG World News Staff, December 3, 2013

 

 

Share this article

Follow LNG World News

One thought on “USA: DOE Approves Two LNG Export Applications”

Comments are closed.

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >