Argent LNG wins US approval for exports to nations with free-trade agreements

Argent LNG is a privately held U.S. company developing an LNG export terminal at Port Fourchon, Louisiana, about 100 miles (160 km) south of New Orleans. The project is designed to export up to 25 million metric tons per year of LNG, which would make it one of the larger proposed LNG facilities on the U.S. Gulf Coast.

The approval covers exports from the proposed Port Fourchon terminal in Lafourche Parish, Louisiana.

The U.S. Department of Energy has authorized Argent LNG to export liquefied natural gas from its proposed Louisiana export terminal to countries that have free-trade agreements with the U.S., giving the developer a key federal approval as it works toward a final investment decision on the project.

The DOE said Argent LNG may export up to the equivalent of 1.3 trillion cubic feet of natural gas per year for a 20-year term beginning on the date of the facility's first commercial export, from its planned project.