Five long term authorizations extended through 2050.
This past week, the Department of Energy announced the extension of export terms for liquified natural gas (LNG). The authorization extends through the year 2050 for current or proposed LNG facilities in Georgia, Florida, Louisiana, and Texas.
“Just this year, LNG exports from the United States will reduce our trade deficit by over $12 billion and recent export levels have been at all-time highs,” said Deputy Secretary of Energy Mark Menezes. “The development of U.S. infrastructure to support our LNG exports has provided thousands of jobs and led to billions of dollars in industry investment, the benefits of which will be sustained by this policy.”
Assistant Secretary for Fossil Energy Steven Winberg said, “Increasing exports of U.S. LNG to our allies not only creates great opportunities for our nation, it also strengthens global energy security and supports environmental and emissions objectives.”
As the Lord Leads, Pray with Us…
- For the Department of Energy as they seek to produce power sources and facilitates the export of energy products.
- For the Fossil Energy organization as it oversees power infrastructure and reserves.
Sources: AP, NPR
