News

U.S. Department of Energy Authorizes Golden Pass to Export Liquefied Natural Gas from Golden Pass Terminal

U.S. Department of Energy | 4/25/17

The U.S. Department of Energy announced today that it has signed an order authorizing Golden Pass Products LLC (Golden Pass) to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States.  Golden Pass is authorized to export LNG up to the equivalent of 2.21 billion cubic feet per day (Bcf/d) of natural gas to any non-FTA country not prohibited by U.S. law or policy from the Golden Pass Terminal near Sabine Pass, in Jefferson County, Texas.

With the dramatic increase in domestic natural gas production, the United States is transitioning to become a net exporter of natural gas.  The Department of Energy 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.  These projects, if built, would position the United States to be the dominant LNG exporter in the world.

Full Press Release here.

Golden Pass LNG cleared to export

Fuel Fix | 4/25/17

The Golden Pass LNG terminal on the Texas Gulf Coast was cleared by the Department of Energy Tuesday to begin exporting up to 2.21 billion cubic feet of gas per day.

Located outside Sabine Pass, the Golden Pass terminal was built to import LNG from abroad in 2009. But following the boom in domestic gas production through hydraulic fracturing and horizontal drilling, Golden Pass, a joint venture between Qatar Petroleum, ExxonMobil and ConocoPhillips, shifted gears.

The approval adds to a growing list of LNG export terminals under development in the United States. Cheniere Energy began exporting last year from its Sabine Pass terminal in Louisiana. As of January, there were seven facilities under construction and another four that had been approved but not yet begun construction, according to the Federal Energy Regulatory Commission.

Full story here.

Press Release: President’s Executive Orders Show Support for Infrastructure Investment

President’s Executive Orders Show Support for Infrastructure Investment
Expediting Keystone XL and Dakota Access pipeline projects is right decision for U.S. economy

WASHINGTON, DC – The American Council for Capital Formation today released the following statement from ACCF Vice President of Communications Robert Dillon on President Donald Trumps’ executive orders expediting the Dakota Access Pipeline and Keystone XL Pipeline projects:

“In signing the Keystone XL and Dakota Access executive orders, President Trump is following through on his campaign promise to reverse the previous administration’s approach of abusing the regulatory process to pursue a political agenda. Unfortunately, that agenda came at the expense of the U.S. economy and American jobs. Today’s action by President Trump not only respects the rule of law, it also signals that America is once again open for business. Investment, growth and job creation should be the cornerstone of the President’s agenda and today’s executive orders reflect that commitment.

“Over the past several years, the United States has reemerged as the world’s leading energy producer. Unfortunately, our infrastructure has not kept pace and additional economic growth has been held back by a lack of pipelines and other energy infrastructure that have become the targets of special interest groups. Basic infrastructure projects like Keystone XL and Dakota Access pipelines – and the economic activity and jobs that accompany them – are long overdue.

“The American Council for Capital Formation is pleased that the new administration has revisited these two important projects and taken a pro-growth approach to our nation’s energy sector.”

The American Council for Capital Formation Center for Policy Research is a nonprofit, nonpartisan economic policy organization dedicated to the advocacy of pro-growth tax, energy, environmental, regulatory, trade and economic policies that encourage saving and investment.

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