Energy Dept. OKs Additional LNG Exports From Plants Under Development
The Energy Department this week issued liquefied natural gas export permits for two LNG plants under development. The authorizations will allow Golden Pass LNG in Texas and Magnolia LNG in Louisiana to export an additional 0.5 billion cubic feet of LNG per day to any country “not prohibited by U.S. law or policy.”
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Golden Pass, jointly owned by Exxon Mobil and Qatar Petroleum International, is under construction, with first exports expected in 2024, the Energy Department said. Magnolia LNG, owned by the Glenfarne Group, is under development in Lake Charles, Louisiana. The plant isn't expected to export LNG until 2027, Reuters reported April 27.
Applauding the permits, Sen. Ted Cruz, R-Texas, said “our European allies” will eventually “have greater access to our clean natural gas exports.” Golden Pass CEO Sean Ryan said the authorizations will “strengthen U.S. trade and enhance energy security for our allies.”
The Biden administration is hoping to quickly approve more LNG exports to the EU to reduce the bloc’s dependency on Russian energy (see 2204270029). U.S. export terminals are running at “mass capacity” (see 2204260060).