DOE Will Not Revoke LNG Export Permits to Restrain Domestic Natural Gas Prices
Posted on Oct 29, 2013 in Federal Regulation, LNG Exports | Comments Off on DOE Will Not Revoke LNG Export Permits to Restrain Domestic Natural Gas Prices
Paula Gant, U.S. Department of Energy (DOE) Deputy Assistant Secretary for Oil and Natural Gas, recently sent a letter to Senator Lisa Murkowski (R-AK) stating that DOE would not “rescind a previously-granted [LNG export] authorization except in the event of extraordinary circumstances or use this authority as a price maintenance mechanism.” The letter adds that DOE has not rescinded an LNG export authorization over the objections of the authorization holder. Gant’s letter is in response to Murkowski’s inquiry and explains the process DOE would employ to modify or rescind prior approval of an LNG export permit. The letter can be found here.