The White House has a new darling in the energy sector: liquefied natural gas.
U.S. Energy Secretary Rick Perry said Tuesday that approval of the Golden Pass project in Texas, creating about 45,000 jobs during construction, would position the U.S. as the dominant exporter of LNG. Last week, Gary Cohn, director of the National Economic Council, said the administration supported more LNG export terminals.
“We will continue to expand efforts so that there may be additional LNG announcements coming in the future,” Perry said at the Bloomberg New Energy Finance conference in New York. LNG “advances our national security interests. It enhances our allies’ access to diverse sources of energy.”
While President Donald Trump has previously pledged to bring back coal jobs, his administration is waking up to the potential jobs bonanza offered by the two dozen applications to build LNG export terminals currently under review. That’s a far cry from a year ago when Trump reportedly didn’t know what LNG stood for.
The Department of Energy earlier cleared Qatar Petroleum International Ltd. and Exxon Mobil Corp. to export as much as 2.21 billion cubic feet of gas a day from the Golden Pass terminal. Operations are due to start in 2021.