17 May 2013 20:12 [Source: ICIS news]
HOUSTON (ICIS)--Freeport LNG has obtained conditional authorisation from the US Department of Energy (DOE) to export LNG to non-Free Trade Agreement (FTA) countries from a ?xml:namespace>
The decision is the second by the DOE in regard to exports to non-FTA countries. In May 2011, the department authorised 2.2bcf/day of exports from Sabinal Pass LNG Terminal in Cameron Parish,
Federal law generally requires approval of LNG exports to countries that have an FTA with the
LNG exports have been a hot topic of debate in the chemicals industry, a business that relies on natural gas for about 85% of its feedstock requirements.
Dow spoke out against the DOE studies, saying they failed to consider the importance of manufacturing on the
Since then, several chemical producers have formed a coalition to campaign for the restriction of LNG exports.
However, ExxonMobil said restricting LNG exports could hurt the
In its decision in favour of Freeport LNG’s request, the DOE said that it found the NERA report to be “fundamentally sound”.
The DOE said it will proceed cautiously with the more than 20 other non-FTA permit applications that are awaiting approval, taking a “measured approach” and monitoring the natural gas market to make sure that the granting of successive applications do not harm the public interest.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections