Argent LNG Seeks DOE Approval to Export 25 MMtpy from Proposed Louisiana Terminal

Argent LNG has applied to the U.S. Department of Energy for authorization to export up to 25 million metric tons per year (MMtpy) of LNG from its planned Louisiana export terminal as the developer advances toward a final investment decision.

(Reuters) — Argent LNG, which is developing a 25 million metric tons per annum liquefied natural gas facility in Louisiana, applied to the Department of Energy on March 10 for permission to export LNG to countries with and without free trade agreements with the U.S, according to a regulatory filing.

• Argent LNG wants to get to a final investment decision on the project within two years while the Trump administration is still in office, a company spokesperson told Reuters on Wednesday.
• The company has a heads of agreement (HOA) with Turkish energy bourse Enerji Piyasalari Isletme AS to move 5 million metric tons of LNG through Europe.
• Argent also has a 5 MMtpy HOA with the government of Bangladesh to supply it with the superchilled gas.
• Argent is entering non-binding HOAs rather than binding sales and purchase agreements because it is easier to adjust them when the company gets to the FID stage, the company spokesperson said.