News | July 31, 2014

API Welcomes LNG Approval, Urges Action On Backlog

API welcomed recently conditional approval by the Department of Energy (DOE) of a facility to export liquefied natural gas (LNG) from Warrenton, Oregon and urged the administration to accelerate the process for other projects.

“Today’s approval is a welcome signal that, despite ongoing delays, the administration continues to work through these important export approvals,” said API Upstream Group Director Erik Milito. “This project could mean billions of dollars in construction and new jobs for the people of Oregon, as well as a major opportunity for exports to spur growth here in the United States.

“As the world’s largest producer of natural gas, we should act now to bolster our allies and send a signal to global markets that America is ready to compete. Our growth as a major energy exporter will blunt the influence of foreign suppliers that dominate other markets and help to protect the stability and independence of our allies. We urge the administration to work with leaders in Congress who have shown they are ready to act, and accelerate this process so that we can grow the economy and strengthen America’s leverage overseas.”

Of over 30 applications, this is the eighth facility to receive conditional DOE approval, three of which have been approved by the Federal Energy Regulatory Commission (FERC).

About API
API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 600 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 20 million Americans. 

SOURCE: API

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