• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 7 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 11 minutes Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 14 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 3 hours Is $60/Bbl WTI still considered a break even for Shale Oil
  • 3 hours Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 57 mins Theresa May to Step Down
  • 8 hours Old - New Kim: Nuclear Negotiations With U. S. Will Never Resume Unless Washington Changes Its Position
  • 4 hours IMO 2020 could create fierce competition for scarce water resources
  • 7 hours India After Elections: Economy And Hindu Are The First Modi’s Challenges
  • 4 hours IMO2020 To scrub or not to scrub
  • 9 hours Total nonsense in climate debate
  • 4 hours Devastating Sanctions: Iran and Venezuela hurting
  • 13 hours Trump needs to educate US companies and citizens on Chinese Communist Party and People's Liberation Army. This is real ECONOMIC WARFARE. To understand Chinese warfare read General Sun Tzu's "Art of War" . . . written 500 B.C.
  • 6 hours Apple Boycott in China
  • 2 hours Level-Headed Analysis of the Future of U.S. Shale Oil Industry
  • 6 hours Compensation For A Trade War: Argentina’s Financial Crisis Creates An Opportunity For China
OPEC+ Top Priority: Don’t Crash Oil Prices

OPEC+ Top Priority: Don’t Crash Oil Prices

OPEC+ is reportedly considering increasing…

Senators Push for Expedited LNG Approval

Senators Mary Landrieu (D-LA) and Lisa Murkowski (R-AK) are pushing for an overhaul of how LNG export applications are reviewed in order to prioritize projects that are commercially viable. The top Democrat and Republican on the Senate Energy Committee argue that the Department of Energy’s approach to evaluating export permits doesn’t make sense. Since 2012, DOE has reviewed LNG export applications in the order that they are received. Sens. Landrieu and Murkowski are arguing for a different approach. “Should you go by the way the order is presented or who is most likely not only to get financing but also siting?” Chairman Mary Landrieu spoke to reporters after a Tuesday hearing on the issue. “There are several steps to this process of siting and financing and actually building these terminals.”

Export terminals must also receive permit approvals from the Federal Energy Regulatory Commission, but the FERC process is much more involved than DOE’s. It requires millions of dollars and environmental assessments. Therefore, DOE should reform its process to expedite the applications of projects that have lined up financing and are actually commercially viable, according to a new Brookings proposal authored by David Goldwyn, a former special envoy for international energy affairs at the State Department. Under Goldwyn’s plan, projects that have received FERC approval would jump to the top of the pile for DOE’s consideration. “If you just let projects which have cleared FERC and have a formal FERC application go to the head of the line, you’d be accelerating projects which are not just licenses to market but which are projects which are already commercially mature,” Goldwyn said.

Related Article: US Green Lights 7th LNG Export Project

Meanwhile, President Obama spoke on March 26 in response to EU pressure to accelerate U.S. LNG exports. He said that if the U.S. and the EU can finalize a free-trade deal, LNG exports to Europe would be included in such a deal. “Once we have a trade agreement in place, export licenses for projects — for liquefied natural gas destined to Europe — would be much easier, something that's obviously relevant in today's geopolitical climate,” he said.

By Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News