Insight
US Department of Energy's new approval extension policy threatens to shift the order of LNG projects
Report summary
On 21st April 2023, DOE signed a policy statement reaffirming the seven-year deadline for non-FTA authorisation holders to commence exports of LNG. The policy states that DOE will not consider an application for an extension unless the authorisation holder can demonstrate both that it has physically commenced construction of its LNG export facility; and its inability to comply with the existing commencement deadline is the result of circumstances outside of its control. Read our full report for our take on: What does the policy change mean? Why is DOE making the change? What could the potential implications be? Which projects require an extension to their non-FTA approval? Which projects are next in the approval queue?
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