Oregon LNG today announces that it has received authorization from the U.S. Department of Energy (DOE) to export liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement with the U.S. The approval comes notwithstanding recently announced modifications to DOE’s licensing review process.
The Oregon LNG operation will be the state’s largest property taxpayer, contributing approximately $60 million annually in new property tax revenues to help substantially increase funding for transportation infrastructure, education and other essential public services.
Canada's National Energy Board recently authorized Oregon LNG to source from Canada, the majority of the natural gas to be exported through the proposed terminal, which means that the Warrenton facility could be operated with little or no impact on the price or supply of U.S. natural gas. The Oregon LNG project will have the lowest pipeline transportation cost from Canadian gas fields of any West Coast project.