Energy firm Oregon LNG has secured approval from the US Department of Energy (DOE) for global liquefied natural gas (LNG) exports from its Warrenton terminal.
The approval, which is subject to environmental review and a final regulatory nod, allows the company to export LNG to countries that do not have a free trade agreement (FTA) with the US.
The terminal is conditionally authorised to export at a rate of up to 1.25 billion standard cubic feet of natural gas per day for a 20-year period.
The company plans to start construction work by the end of 2015, after completing the entire approval process.
Oregon LNG chief executive officer Peter Hansen said: "This approval allows the largest Asian buyers to purchase from Oregon LNG, which already has authorisation to ship to any of the 20 nations with which the US has a FTA.
"DOE approval is an important step towards the development of a project that will improve energy security for many of our country’s key trading partners while simultaneously providing Oregon with significant economic benefits and growth opportunities."
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By GlobalDataApart from the US DOE, Oregon LNG has recently secured approval from Canada’s National Energy Board to source from Canada as well, with the majority of the natural gas to be exported via Warrenton.
The company said that the Oregon LNG project will have the lowest pipeline transportation cost from Canadian gas fields of any West Coast project thus far.
