Application Filed for First US Floating LNG Export Facility

By Timothy Gardner, Reuters

Excelerate Energy LP said on Monday it has filed a formal application with the Federal Energy Regulatory Commission to build and operate the first U.S. floating liquefied natural gas export facility.

The privately-held company hopes the facility, off the coast of Texas, will be operational in late 2018. Excelerate has federal approvals in place to export gas to countries with which the United States has free trade agreements. It is hoping to get approval from the Department of Energy to export to countries with which the United States does not have free trade agreements, and applied to do so in late 2012.

(Editing by Franklin Paul)