DOE Authorizes Golden Pass to Export LNG to Non-FTA Countries
The U.S. Department of Energy (DoE) has signed an order authorizing Golden Pass Products LLC to export liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the U.S. Golden Pass will be allowed to export the equivalent of 2.21 billion cubic feet per day (Bcf/d) of natural gas from its planned terminal near Sabine Pass, in Jefferson County, Texas, the department announced Tuesday. The DoE had authorized Golden Pass to export LNG to FTA countries in 2012.
The U.S. is becoming a net exporter of natural gas, as result of a sharp increase in domestic production. The DoE said it has authorized a total of 19.2 Bcf/d of natural gas exports to non-FTA countries from planned facilities in Texas, Louisiana, Florida, Georgia and Maryland.
U.S. Secretary of Energy Rick Perry said in a press statement the authorization to export to non-FTA countries “is another example of President Trump’s leadership in making the United States an energy dominant force. This is not only good for our economy and American jobs but also assists other countries with their energy security.”
Golden Pass estimates the construction of its facility will provide 45,000 direct and indirect jobs over five years, according to the DoE, and the project will provide 3,800 direct and indirect permanent jobs over the next 25 years of operational activity. Owned by affiliates of Qatar Petroleum International Limited (Doha, Qatar) and Exxon Mobil Corporation (NYSE:XOM), Houston, Texas-headquartered Golden Pass plans to build a three-train LNG facility at its existing import terminal, with a combined capacity of 15.6 million tons per year, and a project price tag of more than $1 billion.
For related information, see December 23, 2016, article - FERC Green-Lights Golden Pass LNG Export Terminal in Texas.
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