Freeport gets more time to build Train 4 at LNG export plant in Texas
(Reuters) - U.S. energy regulators granted Freeport LNG's request for three more years - until May 2026 - to complete its proposed fourth liquefaction train at its LNG export plant in Texas. The U.S. Federal Energy Regulatory Commission (FERC) approved construction of the fourth train in May 2019, requiring Freeport to finish the facility within four years by May 2023. Like other LNG exporters around the world, Freeport put off making a final investment decision (FID) to build the fourth train earlier this year after gas prices in Europe and Asia collapsed to record lows as energy demand collapsed due to coronavirus. Freeport has said it does not expect to make a FID to build the fourth t
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