API: FERC decision will help U.S. natural gas and oil industry export clean, affordable energy, reduce global emissions
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WASHINGTON, D.C., February 22, 2019 – The American Petroleum Institute issued the following statement applauding the Federal Energy Regulatory Commission (FERC) after their decision late yesterday to approve a critical LNG export terminal in Louisiana – the first step in a backlog of energy infrastructure projects that are key to sharing clean energy abroad.
“We’re thrilled that FERC has found a bipartisan path to approval of Venture Global’s Calcasieu Pass LNG export project in Cameron Parish, Louisiana, which also creates a path forward for all other LNG export facilities that are currently in front of the commission,” said Todd Snitchler, Vice President of Market Development.
“We applaud Commissioners Chatterjee, McNamee, and LaFleur on their work to come to this critical agreement to ensure that the success of the U.S. energy revolution is shared both here and abroad. This decision will help American energy companies share the benefits of U.S. energy and economic leadership around the world, exporting our clean, abundant, and affordable natural gas to countries from South Korea to Spain, while also creating good-paying jobs, increasing investments, and stimulating local economies in Louisiana, and we’re extremely encouraged by this announcement.”
The U.S. is currently the number one producer of natural gas and oil, surpassing Saudi Arabia and Russia, while also reducing emissions to 25-year lows. As the U.S. has now recently become a net exporter of natural gas, new LNG facilities will help to advance the ability for the U.S. to continue to produce and share clean energy to countries across the globe that don’t have access.
API is the only national trade association representing all facets of the natural gas and oil industry, which supports 10.3 million U.S. jobs and nearly 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, 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 47 million Americans. API was formed in 1919 as a standards-setting organization. In its first 100 years, API has developed more than 700 standards to enhance operational and environmental safety, efficiency and sustainability.