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Freeport LNG Wins U.S. Regulator’s Approval for Export Plans

Freeport LNG Development LP was cleared to go ahead with plans to build a liquefied natural gas export project in Texas, the third such facility to win approval from a U.S. regulator.

The Federal Energy Regulatory Commission will allow the Freeport LNG plant to proceed, according to its statement yesterday. Freeport plans three units, each with a capacity of 4.4 million metrics tons of LNG a year.

Democrats and Republicans in Congress have pushed to expedite approval of natural gas export terminals to send the fuel to Europe and reduce Russia’s energy dominance. Sempra Energy last month won final U.S. approval to build the Cameron LNG export project in Louisiana.

The U.S. Department of Energy has already given the Freeport project conditional approval to export gas, the FERC said. Freeport will need to adhere to more than 80 conditions to reduce potential environmental harm.

The Energy Department determines whether it is in the public interest for a plant to ship natural gas to countries that don’t have a free-trade agreement with the U.S. The FERC leads U.S. environmental reviews of the projects.

There are 10 LNG export projects that have applied for approval from the commission, according to the statement.

Global Infrastructure Partners earlier this month agreed to buy a 25 percent stake in Freeport LNG Development from a group of institutional investors managed by Hastings Funds Management USA Inc. and Zachry American Infrastructure LLC.

To contact the reporter on this story: James Paton in Sydney at jpaton4@bloomberg.net

To contact the editors responsible for this story: Jason Rogers at jrogers73@bloomberg.net Keith Gosman, Andrew Hobbs

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