The Department of Energy’s approval of exporting of liquefied natural gas (LNG) from the Golden Pass Terminal south of Port Arthur, Texas, is being seen as clearing the way for increased U.S. natural resources production.
The American Petroleum Institute (API) hailed the decision as a positive step toward expanding U.S. energy leadership and for its potential to strengthen the U.S. oil and natural gas industry in a release.
“The United States leads the world in production and refining of oil and natural gas, and that competitive advantage presents a valuable opportunity to grow our economy through energy exports,” API Executive Vice President and Chief Strategy Officer Marty Durbin said in the release. “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.”
Durbin said U.S. production of natural gas serves a dual purpose: it not only allows our nation to dramatically diminish carbon emissions; but it also assists other nations in doing so with the sanctioning of exporting.
“Numerous LNG export facilities still await approval, and giving the (green light) to Golden Pass is a positive step toward expanding U.S. energy leadership,” Durbin said.
Golden Pass LNG Terminal is a joint venture company established by affiliates of three major oil and gas entities: Qatar Petroleum, ExxonMobil and ConocoPhillips.
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