Trans-Foreland files for 3-year extension
Kay Cashman Petroleum News
In mid-July the Federal Energy Regulatory Commission posted a notice saying Trans-Foreland Pipeline Co. had filed for a three-year extension of time, until Dec. 17, 2025, to construct, modify, and operate new facilities for the import of liquefied natural gas at its existing Kenai LNG terminal in Nikiski, the Kenai LNG Cool Down Project, and make the project available for service as authorized in the Dec. 17, 2020, order Granting Authorization Under Section 3 of the Natural Gas Act.
Per the FERC notice Trans-Foreland does not anticipate being able to place the project into service by Dec. 17, “despite good faith efforts to do so.”
Trans-Foreland said that the onset and duration of the COVID-19 contagion and the war in the Ukraine have generated adverse economic and logistical conditions that slowed commercial progress and precluded Trans-Foreland from making its final investment decision, or FID, for the project.
Uncertainty and volatility in the global LNG market have made it difficult for the company to secure a suitable supply arrangement that would provide the financial certainty necessary for the project.
Trans-Foreland said that the Kenai LNG Cool Down Project remains commercially viable, and all permits and authorizations received are in good standing.
In addition to publishing the full text of public notice in the Federal Register, FERC provides all interested persons an opportunity to view and/or print the contents of its document via the Internet through FERC’s home page (http://www.ferc.gov) using the “eLibrary” link.
Enter the docket number (CP19-118-000) excluding the last three digits to access the document.
- KAY CASHMAN
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