The United States Department of Energy (DOE) recently expanded the volumes the country’s Freeport LNG project will be allowed to export to countries with which the United States does not have a free trade agreement (FTA). This could mean additional competition for sales to Qatar’s key Asian customers Japan, China and India, as well as Europe from 2017, when Freeport hopes to begin exports. Of LNG importers only South Korea and Singapore currently have FTAs with the US.
Freeport will be able to export a total of 1.8bn cfd of gas (the equivalent of around 13.5mn tons/year of LNG) out of the total 6.8bn cfd that the DOE has licensed to four separate terminals thus far. The DOE is currently reviewing dozens of export license applications. (CONTINUED - 901 WORDS)