So, folks want to sell US natural gas to countries not on good terms with US so they can make a profit, cause gas prices to go up in US and…? Just like Keystone notion.
The U.S. Department of Energy has conditionally authorized a proposed liquefied natural gas terminal near the mouth of the Columbia River in Warrenton to export natural gas to countries that do not have a free trade agreement with the United States.
The DOE authorization is important to the backers of the Oregon LNG project in Warrenton because it opens the possibility of selling gas to lucrative markets in Asia, such as Japan, China and India.
The controversial project still needs to navigate a complicated permitting process at the federal, state and local levels before it can break ground. DOE conditioned the authorization on Oregon LNG’s completion of its environmental review process with the Federal Energy Regulatory Commission. But the project has other hurdles. Clatsop County, for example, has refused to provide zoning approvals for its feeder pipeline, and that could pose permitting problems at the state level if the county’s decision is not overturned by the Oregon Court of Appeals.
The DOE has the authority to authorize export of the commodity and has approved all applications it has reviewed to date, including a similar terminal in Coos Bay. Studies sponsored by the agency have concluded that gas exports will provide a net economic gain for the United States, though those gains are concentrated among gas producers and companies in the supply chain.