API welcomes latest natural gas export permit

WASHINGTON, November 14, 2014 ─ API welcomed final approval by the Department of Energy (DOE) for exports of liquefied natural gas (LNG) from the Freeport LNG terminal on Quintana Island, Texas.

“Each export facility represents an opportunity to harness America’s economic strength as the world’s largest natural gas producer,” said API Director of Upstream and Industry Operations Erik Milito. “As the Department of Energy confirmed in another report last month, U.S. exports of natural gas will lead to greater domestic energy production, more U.S. jobs, and a stronger economy.

“The DOE’s approval is a welcome signal that policymakers recognize the economic and strategic importance of U.S. energy exports. We are pleased with the progress the administration is making on LNG exports, and we urge them to continue working with leaders in Congress who are ready to accelerate America’s growth as an energy superpower by streamlining the permitting process and opening the doors to free trade.”

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 600 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 20 million Americans.