API Urges Faster LNG Approvals
API welcomed approval by the Federal Energy Regulatory Commission (FERC) of a facility to export liquefied natural gas (LNG) from Cameron Parish, Louisiana and urged Congress to accelerate the process for future applicants.
“After years of delay, the Cameron Liquefaction Project is only the second LNG export facility to receive final FERC approval along with its conditional approval from the Department of Energy,” said API Upstream Group Director Erik Milito.
“This is great news for the workers of Louisiana and for the U.S. economy, but it shows how slowly the current process is working to unlock the economic opportunities created by the U.S. energy revolution. Members of both the House and Senate are working to expedite the process, and the sooner we act, the sooner that America can cut its trade debt, create thousands of new jobs, and harness its international power as the world’s top producer of natural gas.” he added.
Press Release, June 20, 2014