US DOE cuts red tape for short-term LNG export authorizations

The US Department of Energy on Friday issued a policy statement in order to streamline its regulatory process on short-term LNG export authorizations.

DOE said this move would remove the requirement for long-term LNG export authorization holders to seek separate short-term authorizations to export the same volumes approved for long-term exports.

Furthermore, it would remove a duplicative requirement for exports of LNG to have DOE authorization for the short-term market, where the authorization holder already has long-term export authority.

In addition, DOE is amending several long-term LNG export orders to add short-term export authority to the long-term orders.

“We are increasingly seeing more sales of LNG on the spot market, and this action by DOE is allowing more flexibility for US LNG exporters,” said Deputy Secretary of Energy Mark Menezes.

Menezes added that with this policy, US LNG exporters can let the market – not the regulatory process – determine which LNG cargoes they would export under long-term or short-term agreements on the spot market,.

Worth mentioning here, this move follows several long-term LNG export authorizations extending export terms.

Including the recently announced extensions, DOE granted in total eighteen US LNG export projects, as well as the Costa Azul project in Mexico, long-term authorizations with export terms through 2050.

Most Popular

Energy Transfer seals Lake Charles LNG supply deals

Texas-based Energy Transfer has signed new supply deals for its planned Lake Charles LNG export facility in Louisiana as it works to take a final investment decision by the end of this year, according to its management.

Woodside terminates Commonwealth LNG SPA

Australian LNG player Woodside has terminated its two LNG sale and purchase agreements with US LNG terminal developer Commonwealth LNG.

Germany, Egypt seal FSRU charter deal

Germany's Ministry for Economic Affairs and Energy has signed a deal with Egypt's state-owned EGAS to charter the 174,000-cbm FSRU Energos Power.

More News Like This

Atlantic LNG shipping rates slightly down, European prices climb

Atlantic LNG freight shipping rates rose above $40,000 per day this week, while European prices decreased compared to last week.

US LNG exports drop to 27 cargoes

US liquefied natural gas (LNG) plants shipped 27 cargoes during the week ending May 7. According to the Energy Information Administration, pipeline deliveries to the LNG terminals decreased compared to the prior week.

Atlantic LNG shipping rates rise above $40,000 per day

Atlantic LNG freight shipping rates rose above $40,000 per day this week, while European prices decreased compared to last week.

US LNG exports climb to 30 cargoes

US liquefied natural gas (LNG) plants shipped 30 cargoes during the week ending April 30. According to the Energy Information Administration, pipeline deliveries to the LNG terminals increased compared to the prior week.