Energy Transfer and BG Group have entered into a project development agreement (PDA) to jointly develop the LNG export project at the existing Trunkline LNG import terminal in Lake Charles, Louisiana (United States). The proposed project will include the construction of 3 liquefaction trains of 5 Mt/year each and will use the existing LNG storage and marine berthing facilities owned by Trunkline LNG (a wholly-owned subsidiary of Energy Transfer). Energy Transfer has secured all property rights required for the site of the liquefaction facility and received authorisation from the US Department of Energy to export from the existing Trunkline LNG import terminal up to 15 Mt/year of LNG to non-Free Trade Agreement nations. The PDA sets forth the commercial arrangements between the parties and a final investment decision to proceed with the project is expected to be made in 2015. Pending final investment decisions from both Energy Transfer and BG Group, construction is expected to start in 2015, with first LNG exports anticipated in 2019.
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