Page 17 - NorthAmOil Week 27

NorthAmOil POLICY NorthAmOil

In March 2020, the Federal Energy Regulatory the Jordan Cove LNG Terminal. The LNG will
Commission (FERC) authorised the siting, be exported by ocean-going vessel to any coun-
construction and operation of the Jordan Cove try with which the United States does not have a
LNG Terminal and the related Pacific Connec- free trade agreement and with which trade is not
tor Pipeline. prohibited by US law.
“Today’s export authorisation for Jordan “As we work to overcome the [coronavirus]
Cove, the first US West Coast LNG project, will COVID-19 pandemic, LNG exports are going to
ease access to further position the US as a top be one of the building blocks toward the United
supplier of LNG around the world,” said Sec- States’ economic recovery,” said the DOE’s Assis-
retary Brouillette. “Today’s issuance to Jordan tant Secretary for Fossil Energy Steven Winberg.
Cove serves to further expand opportunities “The US has exported LNG to 38 countries; with
for US LNG abroad, particularly in the grow- this authorisation to Jordan Cove, the US can
ing markets of Asia, and encapsulates what the look to increase that number with expanded
Trump Administration has been working hard geographic coverage for LNG exports into key
on for the past three years – providing reliable, importing markets in Asia, providing enhanced
affordable and cleaner-burning natural gas to economic opportunities both here in the US and
our allies around the world.” globally.”
Under the order, Jordan Cove Energy Pro- The US is currently in its fourth consecutive
ject, which is owned by Canada’s Pembina Pipe- year as a net exporter of natural gas, and it has
line Corp., will have the authority to export up become one of the top global exporters of LNG.
to 1.08 bcf ($30.6mn cubic metres) per day per If built to its authorised capacity, the Jordan
day of natural gas as LNG. Cove LNG Terminal, including the Pacific Con-
The project’s natural gas will be sourced from nector Pipeline, may generate up to $100mn per
both Canada and the US and will be liquefied at year in state and local tax revenue. ™

Noia urges Canadian government

to support offshore operators

THE Newfoundland & Labrador Oil & Gas from groups such as Noia and the Canadian
Industries Association (Noia) has called on the Association of Petroleum Producers (CAPP),
Canadian government to provide more support it said.
to developers of offshore hydrocarbon fields. Karen Winsor, the chairperson of Noia’s
In a statement, the industry group directed board, echoed this sentiment. “Minister
its request to Seamus O’Regan, Canada’s natural O’Regan has advocated for and spoken favour-
resources minister. It noted that O’Regan had ably of our industry [and] its role in the global
pledged last month to assist oil and gas com- energy market and [of] how oil produced off-
panies that were struggling to remain compet- shore Newfoundland and Labrador can help
itive and to cope with the consequences of the provide a lower-carbon product to that market,”
coronavirus (COVID-19) pandemic. To date, she said. “We ask Minister O’Regan’s cabinet
the minister has not upheld that commitment, colleagues to support him and our offshore and
it said. help the thousands of people who have been
“Minister O’Regan was quoted in The Tele- impacted by this crisis. We need immediate
gram on June 4, 2020 during the announcement action to get people back to work, to remain
of the regional assessment as saying that help globally competitive and to retain the invest-
was coming ‘very soon’ for the offshore oil and ment we have previously attracted to our indus-
gas industry,” noted Charlene Johnson, Noia’s try. We need a show of faith in our future and we
CEO. “That was a month ago, and our industry need it immediately.” ™
still faces a crisis that requires assistance from
the government of Canada to help it recover
from COVID-19. It is time for ‘very soon’ to
become now.”
The group stressed that O’Regan, along with
the Liberal members of the Newfoundland and
Labrador Parliament, had repeatedly given clear
signs of support for the oil and gas sector. So far,
though, that support has not taken the form
of “consequential assistance,” despite repeated
requests from the provincial government and

Week 27 09•July•2020 www. NEWSBASE .com P17