On May 29, 2014, the U.S. Department of Energy (DOE) shook up the liquefied natural gas (LNG) export industry by proposing changes to its permitting process. Instead of being able to directly apply to the DOE for a license to export LNG, LNG exporters would have to first complete the environmental review process administered by the Federal Energy Regulatory Commission.
This process, required by the National Environmental Policy Act (NEPA), has been typically time-consuming and expensive, and the change represents a substantial shift from the first-come-first-served DOE-permitting regime that companies have relied on during the U.S. LNG facility construction boom. The first-come-first-served approach allowed early applicants to secure a place in the DOE queue, where exporters thought earlier queue placements were more likely to receive approval and thus appeared more valuable.
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