Argent LNG asks DOE for permission to export 25 million metric tons of US LNG

By Curtis Williams

HOUSTON, March 11 (Reuters) - Argent LNG, which is developing a 25 million metric tons per annum liquefied natural gas facility in Louisiana, applied to the Department of Energy on Wednesday for permission to export LNG to countries with and without free trade agreements with the U.S, according to a regulatory filing.

• Argent LNG wants to get to a final investment decision on the project within two years while the Trump administration is still in office, a company spokesperson told Reuters on Wednesday.

• The company has a heads of agreement (HOA) with Turkish energy bourse Enerji Piyasalari Isletme AS to move 5 million metric tons of LNG through Europe.

• Argent also has a 5 mtpa HOA with the government of Bangladesh to supply it with the superchilled gas.

• Argent is entering non-binding HOAs rather than binding sales and purchase agreements because it is easier to adjust them when the company gets to the FID stage, the company spokesperson said.