Washington, D.C.: Commenting on today’s announcement that Golden Pass Products received Department of Energy authorization to export liquefied natural gas (LNG) to Non-Free Trade Agreement (NFTA) countries, Center for Liquefied Natural Gas, Executive Director, Charlie Riedl said:
“The Center for Liquefied Natural Gas congratulates Golden Pass Products on receiving their authorization from the Department of Energy to export LNG to Non-Free Trade Agreement countries.
After years of effort to secure the necessary regulatory permits, this milestone is the latest example of how the LNG industry can flourish in the United States when government regulators work with industry to process permits quickly and efficiently. As numerous studies have demonstrated, including one by the Department of Energy from 2015, increased LNG exports will result in overall economic benefits to the United States upwards of $20 billion in average annual GDP growth through 2040. The approval granted today is critical for the United States to fully recognize the potential benefits of its vast natural gas resources.”
The Center for Liquefied Natural Gas (CLNG) is a trade association of LNG producers, shoppers, terminal operators and developers, and energy trade associations. CLNG is a clearinghouse of educational and technical information. It also facilitates rational issue discussion and the development of public policies that support LNG’s contribution toward economic growth in the United States. For more information, please visit: www.lngfacts.org