The Sempra-led ( NYSE: SRE ) Port Arthur LNG export project and related pipeline in Texas were awarded more than four additional years for completion, the U.S. Federal Energy Regulatory Commission said in a filing late Thursday.
Port Arthur LNG requested more time because the project "was impacted by the adverse market conditions and logistical delays caused by the COVID-19 pandemic," including the pandemic’s effects on the global supply chain and the impact on global LNG demand.
The project was authorized in April 2019 with a five-year timeline for completion.
FERC also extended to August 2028 the time for Freeport LNG to complete the fourth liquefaction train at its Texas export plant.
Sempra ( SRE ) is the lead developer and owner of Port Arthur LNG after selling a 30% stake in the project's first phase to ConocoPhillips in June .
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FERC grants more time for Port Arthur LNG project completion