Hoeven applauds DOE approval of LNG export application
Sen. John Hoeven, R-N.D., on Monday applauded the Department of Energy’s approval of an application to export liquefied natural gas from the proposed Jordan Cove Energy Project terminal in Oregon.
“The Energy Department’s approval of this application for exporting natural gas is a step in the right direction,” Hoeven said. “However, there are still more than 20 pending applications that should be reviewed expeditiously. In light of the current situation in Ukraine, the administration should move quickly on these applications to help counteract Russia’s influence over Ukraine and the European Union.”
In an anticipated move, the energy department gave the green light for LNG to be shipped from the international port at Coos Bay, Ore., once the facility is completed.
“This is a long-term strategy that will also have a short-term impact,” Hoeven said. “We need to show Russia that we’re serious and the way you do that is not by approving one, but by approving the more than 20 applications that have already been submitted. We need to allow those exports to go to countries where we have a security interest. Right now, exports can only go to countries where we have a free trade agreement.”
Last week, Hoeven and Sen. Mark Warner, D-Va., announced an effort to respond to the situation in Ukraine by expediting the U.S. review of natural gas export licenses.
“We’re trying to build bipartisan support with the initiative that Sen. Warner and I are undertaking,” Hoeven said. “It’s about getting that bipartisan support to show the administration that we need to act now.”
About 53 percent of Russian gas exports to Europe pass through Ukraine and Europe depends on Russia for 30 percent of its natural gas, according to a release sent by Hoeven’s office on Monday.