Three LNG projects with full federal approvals not under construction nine years later. Three others have had six years. Click the article link to see the full list.
Lake Charles LNG |
Lake Charles, La. |
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Magnolia LNG |
Lake Charles, La. |
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Cameron LNG, train 4 |
Hackberry, La. |
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Trump bid to spur LNG projects hits harsh economic realities
By Carlos Anchondo | 04/07/2025 07:09 AM EDT
The administration is fast-tracking export permits for LNG terminals, but the effort is hamstrung by rising costs, labor issues and difficulty locking in customers.
Excerpt: In a statement last month, Interior Secretary Doug Burgum argued the Biden administration carried out a “full-on attack against American energy” by stopping permitting and crippling “capital formation.”
However, some projects with federal approvals in hand haven’t reached a final investment decision (FID), a key milestone when developers make a final commitment to move ahead. Multiple projects — slowed by factors such as the Covid-19 pandemic and litigation — have also sought time extensions, either from DOE on the deadline to commence exports or from FERC on their deadlines to complete construction.
At least one proposal, the Magnolia LNG project in Louisiana, allowed its DOE authorization to expire. Glenfarne Group, the company behind the proposal, is still pursuing the project and has submitted a new application.
Others, like the Lake Charles LNG project in Louisiana, have a DOE approval that will be expiring — and the department has yet to issue a new authorization. The company wrote in February asking DOE to act on its pending application.
Link to full article: https://www.eenews.net/articles/trump-bid-to-spur-lng-projects-hits...
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Posted by Char on May 29, 2025 at 14:42 — 4 Comments
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