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Glenfarne seeks 5 more years to build Texas LNG export plant

U.S. energy company Glenfarne Group LLC has actually asked federal energy regulators to offer it until November 2029 to put its proposed Texas LNG export plant into service, according to a filing provided on Tuesday.

Texas LNG is one of more than three lots LNG export plants being established in the U.S., Mexico and Canada, a few of which have been under development for many years.

The U.S. Federal Energy Regulatory Commission approved building of Texas LNG in November 2019. That order provided the business five years, until November 2024, to construct the facility and location it into service.

We expect this to be authorized without affecting the project or its timeline, Brendan Duval, CEO and founder of Glenfarne Energy Transition, told .

Typically, it costs about $800-$ 1,000 per tonne to build an LNG export plant, so the Texas LNG task would likely cost in between $3.2 billion and $4 billion, according to a price quote by .

Glenfarne stated in its FERC filing that the project was delayed due to extenuating scenarios outside of Texas LNG's. control, consisting of lawsuits by the Sierra Club ecological. group tough FERC's orders licensing the job and. other fights over state permits.

Glenfarne wants to develop two liquefaction trains at Texas. LNG that together would be able turn about 0.5 billion cubic. feet each day (bcfd) of natural gas into about 4 million tonnes. per annum (MTPA) of LNG.

One billion cubic feet of natural gas suffices to provide. about 5 million U.S. homes for a day.

The U.S. is the most significant international LNG exporter and currently. has the capacity to produce around 104.6 MTPA of LNG.

In addition to producing LNG for its own power plants,. Glenfarne has said it likewise wishes to sell LNG to other business. to assist fund its projects.

Glenfarne already has nonbinding LNG supply contracts with. systems of Swiss commodities trader Gunvor and U.S. energy business. EQT, the most significant U.S. gas producer, according to its. FERC filing.

Glenfarne is also establishing the 8.8 million tonnes per. year Magnolia LNG export plant, to be located in Lake Charles,. Louisiana.

As soon as DOE finishes its analysis, we are positive they will. see the benefits Magnolia LNG brings to advance the energy. transition Duval added.