Energy Transfer Announces Lake Charles LNG Project Update

abarrelfullabarrelfull wrote on 19 Aug 2015 19:30

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Energy Transfer Equity, L.P. (NYSE: ETE) and Energy Transfer Partners, L.P. (NYSE: ETP) (collectively, “Energy Transfer”) announced today that they have received FERC’s Final Environmental Impact Statement (“FEIS”) for the Lake Charles LNG Export Company, LLC (“Lake Charles Export”) liquefaction project (“Project”). This issuance starts the 90-day period in which other federal agencies are to complete their review of the Project and issue any required agency authorizations. That decision deadline is November 12, 2015. The FERC authorization for the Project is expected to be issued during this 90-day period.

Final investment decisions from both Energy Transfer and BG Group (LSE: BG.L) (”BG”) are expected in mid-2016, with construction to start immediately thereafter and first LNG exports anticipated in mid-2020.

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