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Energy Department authorizes Jordan Cove to export LNG

WASHINGTON, D.C. -- The Energy Department has conditionally authorized Jordan Cove Energy Project, L.P. to export domestically produced LNG to countries that do not have a Free Trade Agreement (FTA) with the U.S., from the Jordan Cove LNG Terminal in Coos Bay, Oregon.

The Jordan Cove application was next in the order of precedence after the Energy Department conditionally authorized the proposed Cameron LNG facility. Subject to environmental review and final regulatory approval, the facility is conditionally authorized to export at a rate of up to the equivalent of 0.8 Bcf/d of natural gas, for a period of 20 years.

The development of U.S. natural gas resources is having a transformative impact on the U.S. energy landscape, helping to improve the nation’s energy security while spurring economic development and job creation around the country.  This increase in domestic gas production is expected to continue, with the Energy Information Administration forecasting a record production rate of 72.02 Bcf/d in 2014.

Federal law generally requires approval of natural gas exports to countries that have an FTA with the U.S. For countries that do not have an FTA with the U.S., the Natural Gas Act directs the Department of Energy to grant export authorizations unless the Department finds that the proposed exports “will not be consistent with the public interest.”

“Given the situation in Ukraine, this license sends a positive signal to our allies and to energy markets that the United States is ready to join the growing global gas trade,” Sen. Lisa Murkowski (R-Alaska) said. “While this license moves us in the right direction, I would be strongly opposed to any ‘pause for further study,’ as some have proposed.”

03/27/2014

 

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