Commonwealth LNG Signs MET Group to Prelim Contract for 20 MTPA

Last November, after months of carping and complaining, the (at that time) three Democrats who serve as commissioners for the Federal Energy Regulatory Commission (FERC) flipped and voted with the two Republican commissioners to approve Commonwealth LNG's plan to erect a new LNG export plant in Cameron Parish, La. (see FERC Flips – Unanimously Approves La. Commonwealth LNG Terminal). Since then, one of the three Dems, Richard "Dick" Glick, has left (shown to the door by Joe Manchin). While Commonwealth has not officially declared a positive final investment decision (FID) to build the plant, it looks like the company is close to doing so. Earlier this week, Commonwealth LNG signed a deal with a European company to sell 1 million tonnes per annum (MTPA) of LNG for 20 years from the facility.

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