
Companies developing liquefied natural gas (LNG) projects in Texas and Louisiana said they will move full speed ahead with their plans after U.S. President Donald Trump lifted the previous administration's freeze on LNG export permits. Trump's decision could pave the way for almost 100 million metric tons per annum (MTPA) of additional LNG by 2031 by projects that are significantly advanced, further cementing the U.S. as the world's largest exporter of LNG.
"We remain full speed ahead on our current and future expansion projects and are confident that we will secure all necessary regulatory approvals," said Cheniere Energy's (LNG.N) Director of Communications Bernardo Fallas.
Energy Transfer (ET.N) also welcomed the decision. It had an export license for its 15.5 MTPA facility in Louisiana but needed a new permit after the Energy Department refused an extension of its license due to delays in completing construction.
"We look forward to the Department of Energy swiftly moving forward with authorizing new LNG export facilities including our Lake Charles LNG export facility," company spokesperson Vicki Granado said.
Six other plants could get the financial go-ahead in the first two years of the Trump administration, said Alex Munton, director of global gas and LNG research at consulting firm Rapidan Energy Group.
(Reporting by Curtis Williams; Editing by Sonali Paul)
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