The US Department of Energy has announced that it has issued final authorisation for Dominion Cove Point LNG, LP to export domestically produced LNG to countries that do not have a Free Trade Agreement (FTA) with the US. The Cove Point LNG Terminal in Calvert County, Maryland is authorised to export LNG up to the equivalent of 0.77 billion ft3/d of natural gas for a period of 20 years.
The DOE conducted an extensive, careful review of the Dominion Cove Point LNG applications. Among other factors, the Department considered the economic, energy security, and environmental impacts and determined that exports at a rate of up to 0.77 billion ft3/d for a period of 20 years was not inconsistent with the public interest.
The API welcomed the approval and Erik Milito, API Director of Upstream and Industry Operations said, “America is now the world’s largest natural gas producer, and this facility will help to harness that strength to create jobs across Maryland and the broader economy. This is a major milestone for a multi billion dollar project that has waited years for federal approval. This facility, and others like it, will allow America to be a net natural gas exporter by 2017, according to EIA. US exports will help to bring energy security to our allies, while supporting jobs and economic growth in American manufacturing, construction, energy development, engineering, and other areas.
“Unfortunately, dozens of other facilities still require permits. With faster approval, we could bring those jobs online even sooner and add billions in economic activity to communities around the country. We applaud the DOE for allowing Cove Point past the finish line, and we urge the administration to continue working with leaders in Congress who are ready to streamline this process and open the doors to free trade.”
Edited from press releases by Claira Lloyd
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/08052015/cove-point-approved/