(The Center Square) — The US Department of Energy recently approved additional natural gas exports from facilities based in Texas and Louisiana.
The Department of Energy has issued orders allowing the Magnolia liquefied natural gas terminal in Lake Charles to export additional LNG to any country not prohibited by U.S. law or policy, reports the Associated Press.
The authorization issued on April 27 also included the Golden Pass LNG terminal near Port Austin, Texas.
The Golden Pass facility is expected to be operational in 2024, while the Magnolia plant will start up in 2026. Together, the two terminals are expected to produce more than 3 billion cubic feet of natural gas per day, according to the newswire.
U.S. Representative Garret Graves, R-La., said the Energy Department’s approval will help resolve trade imbalances with foreign countries while simultaneously benefiting the United States and Louisiana, the top exporting state. of natural gas in the country.
“This move will allow more US natural gas to replace Russian gas in Europe,” Graves said. “It’s a ‘twofer’ – we can create more jobs, a win for Louisiana and cut funding for the Russian military, a loss for Putin. It makes no sense to provide the Ukrainian military with a share while continuing to have our NATO allies giving Putin billions of dollars through Russian energy purchases.
“We urge this administration to stop blocking energy production and pipelines in the United States and to approve new LNG export terminals.”
U.S. Sen. Ted Cruz, R-Texas, also applauded the new permits on April 27, describing the move as “a tremendous victory for Texans, American jobs, commerce, and our European allies who will now have greater access to our exports of clean natural gas”. .”
The announcement comes as the United States works to “export every molecule of liquefied natural gas that we can” to help European countries that rely on Russian fuel, Energy Secretary Jennifer Granholm said last month. according to the AP.
The Energy Department reports that U.S. LNG exports have hit a new high of 12 billion cubic feet per day and are heading for 13 billion cubic feet by the end of 2022, with the bulk going to the US. ‘Europe. The Biden administration has also released oil from the country’s strategic reserves and banned imports of Russian oil in response to the Russian invasion of Ukraine.
Granholm addressed the impact of war on the world’s energy supply at an International Energy Agency meeting in Paris last month, when she argued that clean energy is the real solution to long term to global energy security. Increasing oil and gas supplies to counter Russia and moving towards renewables is “not a binary choice,” according to Politico.
“I think it’s time for us to ask at this point in our history, what will be our version of the Marshall Plan for clean and secure energy in 2022 and beyond?” Granholm said.
The new permits for the Texas and Louisiana facilities follow similar approvals for two other LNG terminals in those states last month.
The Golden Pass terminal is a joint $10 billion project owned by ExxonMobil Corporation and Qatar Petroleum International Limited, while the Magnolia facility in Lake Charles is owned by Glenfarne Group, LLC, the AP reports.