A five-year extension to build the proposed Lake Charles LNG export terminal was submitted to federal regulators by Energy Transfer. As per the federal permit that was received in December 2015, the 240-acre liquefied natural gas export terminal project was supposed be operational by December 2020.
The LNG export terminal project got delayed and never got built due to complex international contract negotiations for the delay, Energy Transfer said in a letter. The company asked the Federal Energy Regulatory Commission to extend that deadline until December 2025.
"The project sponsors are eager to continue to move forward with the project and receipt of the requested extension is a necessary step," Energy Transfer Chief Regulatory Officer Michael Langston wrote in the letter.
Energy Transfer is not expected to make a final investment decision on Lake Charles LNG until early 2020, Langston explained in his letter. The proposed export terminal is authorized to produce 16.45 million metric tons of LNG year.