NEW YORK Exports of liquefied natural gas (LNG) from Dominion Cove Point LNG LPs planned Cove Point terminal in Calvert County, Md., to countries that do not have a free-trade agreement (FTA) with the United States have been approved by the Department of Energy (DOE).
"The opponents of the application have not demonstrated that the requested authorization will be inconsistent with the public interest and ... the exports proposed in this application are likely to yield net economic benefits to the United States," the DOE said after analyzing more than 200,000 comments on the potential impact of LNG exports.
The facility is conditionally authorized to export up to 770 million cubic feet of natural gas per day for 20 years, according to the DOEs website. Cove Point received approval to export to FTA countries in October 2011, but LNG exports to non-FTA countries required separate approval.
Organizations such as Americas Energy Advantage, which includes Charlotte, N.C.-based Nucor Corp. and Pittsburgh-based Alcoa Inc., are advocating a careful approach to LNG exports (amm.com, Aug. 7), while others, such as Americas Natural Gas Alliance (ANGA), are calling for faster approvals.
"Numerous experts have concluded that thanks to our abundant domestic supply the United States can export natural gas while continuing to meet our growing demand for affordable energy here at home," Amy Farrell, vice president of market development for ANGA, said in a statement. "We encourage the administration to speed its approval of additional LNG export terminals so our nation can take further advantage of the many economic benefits that American natural gas production offers."
LNG exports are expected to spur increased production, boosting demand for tubular products (amm.com, Feb. 4).