By successfully obtaining approval for the LNG pipeline at the Federal Energy Regulatory Commission (FERC), oil and gas interests are now poised to demonstrate that they can make proactive strides in their industry, even in the face of adverse circumstances. This unique achievement comes at a time when the approvals for LNG export terminals are essentially on hold. The implications of this development are profound and multi-layered, with potential impacts on both domestic and international fronts.
1. The oil and gas industry has successfully obtained approval for the LNG pipeline at the Federal Energy Regulatory Commission (FERC), demonstrating their ability to make proactive strides even under adverse circumstances.
2. This significant achievement occurs at a juncture when approvals for LNG export terminals are almost at a standstill.
3. The consequences of this development are extensive and multifaceted, affecting both domestic and international aspects of the industry.
4. By gaining the LNG pipeline approval, the oil and gas industry can strategically position itself one step ahead in the face of halted LNG export terminal approvals.
5. This proactive initiative potentially sets up essential infrastructure for future expedited export processes, illustrating savvy anticipation of market trends and legislative changes in the energy sector.
In 2020, the Federal Energy Regulatory Commission approved the construction of 14 LNG projects, totaling over 90 million tons per annum of new liquefaction capacity.
By obtaining approval for the LNG pipeline at FERC, oil and gas interests can strategically position themselves one step ahead, even amidst the current discontinuation of consents for LNG export terminals. This proactive approach provides them with a strong basis to argue that they are still making significant strides towards fostering energy independence and fulfilling domestic needs. Additionally, they are setting up vital infrastructure that, once the pause lifts, could expedite the export process dramatically. This subtle yet effective maneuver potentially underlines a shrewd anticipation of market trends and legislative changes in the energy sector.