API Director of Upstream and Industry Operations, Erik Milito, highlighted the strategic and economic value of American energy exports after the Federal Energy Regulatory Commission (FERC) issued an Environmental Assessment for the Cove Point LNG export facility in Maryland.
Milito commented: “The technology-driven revolution in US oil and natural gas production has opened the door to export opportunities that could create thousands of jobs in Maryland and around the country.
“The Cove Point project has been under review for nearly two years, and it has the strong support of Maryland voters who understand that it will strengthen the state’s economy, as well as America’s position as a major energy supplier to our allies around the world.
“After the 30-day comment period, we urge federal regulators to quickly approve the facility, making it only the second LNG export project to have both Department of Energy and FERC authorisation. With over 60 foreign projects already planned or under construction, there is a global race to build this infrastructure, and Cove Point could play an important role in securing America’s trade advantage as the world’s top natural gas producer.”
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/19052014/api_on_cove_point_lng_assessment_608/