The US Department of Energy has extended the terms of five long-term liquefied natural gas export authorizations through 2050 for plants in Louisiana, Texas, Georgia and Florida.
The DoE said the actions follow several LNG export term extensions issued since October 2020 pursuant to the government's ongoing energy export policy.
Senior members of the DoE who have`pushed forward the current Administration's LNG export policy voiced support for American energy shipments overseas as a gesture of support for allies and as a great financial benefit to the nation's balance of payments on trade.
“The Trump Administration and DoE have delivered on our commitment to ensure that US LNG holds a prominent place in the global energy market,” said US Secretary of Energy Dan Brouillette.
“The 2050 policy and subsequent extended authorizations lock in the long-term benefits of LNG exports and provide yet another way to support the success of US LNG exporters abroad,” he added.
The latest term extensions have been given to the Southern LNG export facility operating in Georgia, the Elba Island plant, as well as Sempra Energy’s Cameron facility in Louisiana.
The new permits have also been given to the Annova LNG project proposed in Texas and Eagle LNG’s two small-scale facilities in Florida, including the Maxville facility currently in operation.
“Just this year, LNG exports from the United States will reduce our trade deficit by over $12 billion and recent export levels have been at all-time highs,” said Deputy Secretary of Energy Mark W. Menezes.