The U.S. Department of Energy has extended the terms of three long-term liquefied natural gas export authorizations through 2050, Kallanish Energy reports.
The new extensions include Cheniere Energy’s Sabine Pass liquefaction/export facility in Louisiana and the Corpus Christi LNG facility in Texas, plus Sempra Energy’s Port Arthur LNG project planned for Port Arthur in East Texas.
Last week, the DOE had approved seven other LNG export term extensions, pursuant to a policy statement DOE had finalized last July.
The issuances extend each project’s long-term LNG export authorization to both free trade and non-free trade agreement countries through Dec. 31, 2050.
Previously, the DOE policy had been to grant 20-year export terms.
“The development of natural gas in the United States provides tens of thousands of jobs and leads to the investment of tens of billions of dollars in infrastructure development. This policy will sustain these long-term benefits,” said Energy Secretary Dan Brouillette in a statement.
The extensions provide assurances to industry and to countries that import U.S. LNG that the Trump administration values LNG, said Deputy Secretary Mark Menezes.
The United States is the third largest global exporter of LNG and its exporting capacity is projected to grow by 50% by the end of 2025, the DOE said. (October 30, 2020)
UNITED STATES - GTL - SUPPLIES - IMPORTS - EXPORTS