American Oil and Gas Reporter - June 2017 - 16

IndustryDigest
potentially supporting project financing.
It also could support direct Chinese
investment into liquefaction and
upstream developments on U.S. soil."
The U.S. Commerce Department
says that as concrete progress is made
toward implementing actions under the
100-day plan, the two sides "will begin
discussing a one-year plan to further
solidify actions in promoting U.S.Chinese economic engagement and
cooperation." r

DOE OKs LNG Exports
From Golden Pass Site
To Non-FTA Countries

WASHINGTON-The Department of
Energy has authorized Golden Pass
Products LLC to export domestically
produced liquefied natural gas to
countries that do not have a free trade
agreement (FTA) with the United States.
Under the authorization, Golden Pass
can export the equivalent of 2.21 billion
cubic feet a day from its Golden Pass

16 THE AMERICAN OIL & GAS REPORTER

Terminal near Sabine Pass, in Jefferson
County, Tx., to any non-FTA country
not prohibited by law.
According to DOE, it now has
authorized a total of 19.2 Bcf of natural
gas exports to non-FTA countries from
LNG facilities planned in Texas,
Louisiana, Florida, Georgia and
Maryland. It adds if all those projects
are built, the United States will become
the world's dominant LNG exporter.
Golden Pass says constructing its
facility will provide 45,000 direct and
indirect jobs over five years, and the
project will provide 3,800 direct and
indirect permanent jobs over the next 25
years of operational activity. The
company also estimates the cumulative
impact of construction and 25 years of
operation will provide as much as $2.4
billion in federal tax revenues and $1.2
billion in state tax revenues.
The Golden Pass Terminal is owned
jointly by Qatar Petroleum (70 percent)
and ExxonMobil (30 percent).
Federal law generally requires
approval of natural gas exports to

counties that have an FTA with the
United States, DOE says. For countries
without an FTA, the Natural Gas Act
directs the department to grant export
authorizations unless it finds the
proposed exports "will not be consistent
with the public interest."
The American Petroleum Institute
says the United States can grow its
economy through continued oil and gas
exports.
"Expanding natural gas exports will
help create jobs here at home and
provide energy security to U.S. allies
seeking a reliable alternative to energy
supply from nations that use energy
resources as a political weapon,"
assesses API Vice President and Chief
Strategy Officer Marty Durbin. "Just as
greater use of natural gas for U.S.
electricity generation has cut our carbon
emissions to levels not seen in three
decades, U.S. natural gas can help
reduce emissions in other nations." r

Coming In July
OIPA Coverage


http://EBWAnalytics.com

American Oil and Gas Reporter - June 2017

Table of Contents for the Digital Edition of American Oil and Gas Reporter - June 2017

Contents
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