Our Energy Moment Statement on Conditional Approval of Cameron LNG Export Application
February 11, 2014
WASHINGTON – Our Energy Moment (OEM), a diverse group of businesses and economic development organizations, issued the following statement today after the U.S. Department of Energy (DOE) announced that it has conditionally authorized Cameron LNG, LLC (Cameron) to export domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States from the Cameron LNG Terminal in Cameron Parish, Louisiana.
“With this conditional approval to export natural gas, Cameron’s LNG terminal has the potential to create jobs in Louisiana, reduce our trade deficit and help grow our economy,” said Mike Olivier, CEO of the Louisiana Committee of 100 for Economic Development and OEM member. “OEM welcomes the approval by the DOE and looks forward to the Department addressing other license applications in a timely and thorough manner.”
Subject to environmental review and final regulatory approval, the facility is conditionally authorized to export at a rate of up to the equivalent of 1.7 billion standard cubic feet per day (Bcf/d) of natural gas, for a period of 20 years.
In his State of the Union address last month, President Barack Obama highlighted the key role natural gas plays in job creation and in America’s transition to energy independence, saying “today, America is closer to energy independence than we’ve been in decades. One of the reasons why is natural gas.” The President told America during his address that “one of the biggest factors in bringing more jobs back is our commitment to American energy.”
Members of the growing Our Energy Moment coalition include Amtex Security Inc., Cheniere Energy, Committee of 100 Louisiana, Greater Lafayette (La.) Chamber of Commerce, Gonzales (Texas) Economic Development Corp., Heritage Energy Co., Louisiana Mid-Continent Oil and Gas Association, Louisiana Oil & Gas Association, Shale Gas Innovation & Commercialization Center, Sempra LNG, South Texas Energy & Economic Roundtable and SWLA Economic Development Alliance.
The full conditional authorization can be found at http://www.energy.gov/.
To learn more about Our Energy Moment: http://www.ourenergymoment.org/. You can also follow OEM on Twitter (@OurEnergyMoment) and Facebook by liking the Our Energy Moment page.
CONTACT: Tiffany Edwards, 202-331-1011
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