The American Petroleum Institute (API) trade group welcomed
last weeks approval by the Federal Energy Regulatory
Commission (FERC) of a facility to export liquefied natural
gas (LNG) from Cameron Parish, Louisiana and urged Congress
to accelerate the process for future applicants.
After years of delay, the Cameron Liquefaction Project
is only the second LNG
export facility to receive final FERC approval along with its
conditional approval from the Department of Energy,
said API upstream group director Erik Milito.
This is great news for the workers of Louisiana and for
the US economy, but it shows how slowly the current process
is working to unlock the economic opportunities created by
the US energy revolution," he continued.
"Members of both the House and Senate are working to expedite
the process, and the sooner we act, the sooner that America
can cut its trade debt, create thousands of new jobs, and
harness its international power as the worlds top
producer of natural gas.
API is the only national trade association representing all
facets of the oil and natural gas industry, which supports
9.8 million US jobs and 8% of the US economy.