DOE Approves Jordan Cove Application

In a shrewdly timed move, the U.S. Department of Energy yesterday approved the seventh application in its long queue of projects awaiting licenses to export natural gas to non-FTA nations. The decision applied to the Jordan Cove project in Coos Bay, Oregon, and provides conditional approval to export up six million metric tons per annum to non-FTA nations. The decision brought these (predictable) comments by U.S. senators:

Sen. Ed Markey (D-MA): “This is the moment to take a timeout and do the studies, have the debate, and discuss the policies needed to protect consumers, enhance our national security and grow our economy, not rush to export more of America’s resources abroad.”

Sen. Ron Wyden (D-OR): “This announcement is exactly what Coos Bay, North Bend and America need: new jobs and new investment, while factoring in a changed geopolitical landscape through a case-by-case process.”

Sen. Lisa Murkowski (R-AK): “Given the situation in Ukraine, this sends a positive signal to our allies and to energy markets that the U.S. is ready to join the growing global gas trade. While this license moves us in the right direction, I would be strongly opposed to any ‘pause for further study,’ as some have proposed.”
To download the Jordan Cove Order: Click Here.