The Domestic Energy Producers Alliance (DEPA) congratulates the US Department of Energy (DOE) for the issuance of a final long-term order authorizing the export of domestically produced liquefied natural gas (LNG) from the proposed Jordan Cove LNG Terminal (Jordan Cove) in Coos Bay, Oregon.
The US has become the number one producer of crude oil and natural gas on the planet. Providing our friends and allies with American crude oil and natural gas as liquified natural gas (LNG) is a boost the US economy and provides stability to the world markets and ensures reliability of supply.
US domestic natural gas is far more abundant and affordable today than anyone imagined ten years ago. US domestic producers are anxious to provide not just America’s needs with cheap abundant natural gas but also be part of an ever-growing international market. With the addition of the Jordan Cove LNG facility, US producers will have another avenue to provide LNG to markets that otherwise may never benefit from the American energy renaissance.
Additionally, if the Jordan Cove LNG Terminal, including the Pacific Connector Pipeline, create the expected 6,000 + jobs during construction and generate up to $100 million in state and local tax revenue annually DEPA believes this looks like a win/win for everyone.