- S. DOE aims at doubling the export of LNG in the next five years
- Volume of natural gas produced by the four Texas units is enough to meet more than half of Europe’s LNG import demand
The U.S. Department of Energy has reportedly sanctioned four long-term orders allowing the export of locally produced liquified natural gas from four upcoming LNG projects being developed in Texas.
According to Dan Brouillette, the U.S. Secretary of Energy, the present government aims at developing the natural gas capacities in the region to expand its footprint across the globe. The volume of LNG produced from the four projects namely, Texas LNG, Grande LNG and Annova LNG all of which are based in Brownsville, Texas and Corpus Christi LNG’s Stage III built in Corpus Christi, is enough to meet more than half of Europe’s LNG import demands.
DOE is focusing on increasing the amount of natural gas exported by the U.S. to boost prosperity and energies, he further added.
For the record, the four entities carry the right to export liquified natural gas from their own facilities through ocean-going vessels to any nation with which the U.S. has not signed a free trade agreement that requires national treatment for trade in natural gas and with which trade is not prohibited.
Reportedly, the United States has been a net natural gas exporter for the past four years and has emerged as a leading global exporter of LNG. Evidently, the new LNG authorizations will create jobs and boost economic growth in the United States. Additionally, it will also develop new market opportunities outside the country.
The Rio Grande LNG project along with the connected Rio Bravo pipeline is projected to create more than 5,000 jobs during the construction process and showcases infrastructural investments exceeding USD 15 billion.
The project in Corpus Christi, on the other hand, is likely to develop 2,400 jobs to accelerate construction process while the Texas LNG process is anticipated to employ over 600 construction personnel and Annova LNG will employ 1,200 workers to accelerate its construction.
Apparently, the Federal Energy Regulatory Commission approved the construction of operation of these export schemes on November 21, 2019.