The Department of Energy is urging companies to build liquefied natural gas export infrastructure more quickly, as it seeks to get a better understanding of LNG’s environmental effects, according to E&E News’ ENERGYWIRE (subscription).
What’s going on: “DOE’s Office of Fossil Energy and Carbon Management requested information Tuesday from LNG producers on company strategies to install carbon capture and cut emissions of methane.”
- The request comes weeks after the Biden administration said it was working with other countries to set a global standard for assessing the impact of LNG shipments.
Why it’s important: In a policy statement this week, the “DOE said, LNG producers risk losing authorizations to export to non-free-trade-agreement countries if they don’t do so within [a] stipulated seven-year timeline.”
- To date, the DOE has approved 41 long-term authorizations, with export totals of more than 47 billion cubic feet a day.
- However, the agency said it will now only consider extensions in cases of applications demonstrating that a project has already begun construction and is unable to comply with the existing deadline due to circumstances beyond its control.
- The U.S. is expected to export 14% more LNG this year than it did last year.
Learn more: Please join the NAM tomorrow at 9 a.m. ET for a briefing from Department of Energy Assistant Secretary for Fossil Energy and Carbon Management Brad Crabtree, who will provide an update on the DOE’s FECM priorities and the implementation of the Bipartisan Infrastructure Law and the Inflation Reduction Act.