API welcomed long-awaited approval by the Federal Energy Regulatory Commission (FERC) of a liquefied natural gas (LNG) export facility in Cove Point, Maryland and urged the Department of Energy (DOE) to quickly issue a final permit.
“Cove Point represents an exciting opportunity to create thousands of jobs in Maryland and extend the economic benefits of America’s energy revolution,” said API Director of Upstream and Industry Operations Erik Milito. “It’s only the fourth project to receive FERC approval and the first East Coast facility primed to play a critical role in securing America’s trade advantage as the world’s top natural gas producer. Cove Point has the strong support of Maryland voters who understand that it will strengthen the state’s economy and help promote the security of America and it's allies overseas. We welcome today’s approval, and we urge the DOE to avoid any needless delay of the project’s final permit, which granted conditional approval over a year ago. It’s time to lock-in America’s position as an energy superpower by approving Cove Point and accelerating the process for dozens of other projects still facing lengthy delays.”
API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 600 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 20 million Americans.