The US Department of Energy (DoE) has announced that it has extended the terms of three long-term liquefied natural gas (LNG) export authorisations until 2050.
The latest move follows seven LNG export term extensions issued last week ‘pursuant to an export term policy statement’ finalised in July this year by the DoE.
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DoE noted that the recent term extensions issued include Cheniere Energy’s Sabine Pass in Louisiana and Corpus Christi LNG export terminals Texas.
It also includes Sempra Energy’s Port Arthur LNG project proposed for Port Arthur, Texas.
US Secretary of Energy Dan Brouillette said: “The Trump Administration understands the importance of securing American energy jobs and creating opportunities for growth in the energy sector.
“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.”
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By GlobalDataThese issuances, according to the DoE, extend each project’s ‘long-term LNG export authorisation’ to both free trade and non-free trade agreement countries until 2050.
Deputy Secretary Mark Menezes said: “DOE’s extended export term policy provides assurances to industry and the millions of energy jobs that it supports, that this Administration values US LNG as a reliable and abundant resource.
“The continued success of US LNG exports, especially for power production in European and Asian markets, is helping our friends and allies meet their global emissions reduction goals, while supporting US energy sector workers and infrastructure investments across the country.”
