The federal government on Tuesday granted the first license for exporting liquefied natural gas (LNG) since a federal court blocked its temporary moratorium on new LNG export licenses in July.
The U.S. Energy Department (DOE) approved a five-year term for New Fortress Energy (NFE) to export U.S.-sourced natural gas from its offshore plant in Altamira, Mexico, to non-free trade agreement countries.
This will allow NFE to export up to 1.4 million tonnes per annum of LNG from its Fast LNG assets to countries without free trade agreements with the United States, according to a company statement.
“NFE is now able to freely supply cheaper and cleaner natural gas to underserved markets across the world and further our goal of accelerating the world’s energy transition,” NFE’s CEO Wes Edens said.
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Federal Government Grants First LNG Export After Moratorium Overruled
- by: Aldgra Fredly
- 2024-09-04
- Source:
The Epoch Times
- 09/04/2024
a large red and white ship in a body of water by Daniil Serhiyevich is licensed under Unsplash unsplash.com
a large red and white ship in a body of water by Daniil Serhiyevich is licensed under Unsplash unsplash.com
