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Jordan Cove gets green light to export LNG
The Department of Energy announced this morning that it has conditionally authorized Jordan Cove Energy Project to export domestically produced liquified natural gas to countries that do not have a Free Trade Agreement with the United States. The terminal is slated for the North Spit of the Coos Bay. Pending still is an environmental review and final regulatory approval from the Federal Energy Regulatory Commission. The facility is conditionally authorized to export natural gas at a designated rate per day (up to the equivalent of 0.8 billion standard cubic feet per day) for a period of 20 years. Today’s approval follows what the Energy Department says was an extensive, careful review of the application to export LNG from the Jordan Cove LNG Terminal as well as the economic, energy security, and environmental impacts. It also considered public comments for and against the application and nearly 200,000 public comments related impacts of increased LNG exports. A full consideration can be found at http://energy.gov/fe/downloads/order-no-3413-jordan-cove-lng. FERC could make a decision on the pending application by May.