U.S. Green-Lights Another LNG Export Project

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Source: http://www.flickr.com/photos/jbeatty/

Source: http://www.flickr.com/photos/jbeatty/

The U.S. government on Monday approved a seventh natural gas export project, giving the green light for a liquefied natural gas “LNG” terminal in Oregon, at a time when the Obama administration is under pressure to signal willingness to help Europe offset Russian gas influence.

The U.S. Department of Energy gave its conditional approval for the Jordan Cove LNG terminal, which is proposing to export up to 800 million cubic feet of natural gas over the next two decades to countries that don’t have free-trade agreements with the U.S.

The Jordan Cove LNG project, owned by an arm of Calgary-based Veresen Inc., will rely primarily on natural gas supplies to be transported through an existing pipeline network from Western Canada to Oregon

Jordan Cove is the seventh project to win a natural gas export license for non-FTA countries, and the second this year, while a total of six projects have been approved in the past ten months.

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