By: Javier E. David
The Department of Energy recently granted conditional approval to a terminal to ship liquefied natural gas abroad, the fourth facility in a year to receive the government’s green light that puts the U.S. a step closer to becoming an energy exporter.
After an exhaustive two-year application process, the department touted the economic benefits of the proposed LNG exports from Cameron Parish, La., in its announcement. The hub, being constructed by Cameron LNG, a subsidiary of Sempra Energy, was one of several projects fiercely contested by environmental groups that fear natural gas extraction will contaminate the air and water.
The DoE “has concluded that the opponents of the Cameron Application have not demonstrated that the requested authorization will be inconsistent with the public interest and finds that the exports proposed in this Application are likely to yield net economic benefits to the United States,” the agency wrote in its decision.
However, the department said the terminal must clear another environmental review before exports could begin. The facility, located in Hackberry, La, will eventually be able to export up to 12 million tons per year—or about 1.7 billion cubic feet per day—of natural gas, Sempra said in a release.
Read more: http://www.cnbc.com/id/101407670