Skip to comments.Rick Perry cheers first natural gas export terminal on East Coast
Posted on 09/05/2018 6:48:37 PM PDT by Coleus
Energy Secretary Rick Perry on Thursday christened the first natural gas export terminal on the East Coast, at the Cove Point facility in Maryland outside of Washington.
We can become a reliable competitive alternative anywhere in the world, and we will, Perry said in remarks opening the second natural gas export terminal in the country.
Energy exports are key to Trumps energy dominance agenda, and Perry said the president fully supports the new terminal.
This president understands the power of energy and he is eager to unleash our bounty to the world, which is why he is so supportive of this infrastructure project right here at Cove Point, Perry said.
Perry said the presidents deal with the European Commission President Jean Claude Juncker on Wednesday to purchase more U.S. liquefied natural gas underscores the administrations support for facilities like the one in Maryland.
We stand ready, willing, able to help our partners increase their energy security, not only by increasing their diversity of supply, but of suppliers as well, he said.
The Trump administration has made clear to the European Union that it opposes a new major pipeline project to connect Russian natural gas supplies through Germany, and wants Europe to instead look to the U.S. to shore-up energy supplies.
Clearly, the story of Americas path to energy security shines brightly before the world, Perry added, calling the opening of Cove Point a remarkable new chapter in Americas history.
Cove Point is the second LNG export facility to open in the country after the large Sabine Pass terminal in Louisiana. Perry said four more facilities are nearing completion to begin shipping natural gas in the near future.
He noted that for the first time in 60 years, America became a net exporter of natural gas in 2017. We're now exporting natural gas to 30 nations, he said.
Although some test cargoes had been sent to the U.K., the principal destination for much of the natural gas from the facility will be India and Japan.
The large Japanese conglomerate Sumitomo, the Tokyo Gas utility, and the India-based Gail Ltd. bought a 20-year stake in the facility.
GOOD news BUMP!
wish they would release a bit of bounty to pennsylvania as im tired of gas over 3 bux a gallon. get rid of the boutique bs too.
Excellent. And more to come.
I’m glad Perry found a home, he always was a pretty sharp guy, just not President material.
Of course the guy who hired him is a nut/crazy/unstable /s
At least we know Perry isnt the gutless coward who wrote that NY Slimes op ed. Maybe it was some other member of the NSC.
Let them yell and scream while under the radar serious change is happening. Just as the 1960s/70s assault on refineries destroyed jobs and economic growth, this latest marks a generational shift in policy.
PA has the higherst gas tax in the nation. Thats why. Combined State and Federal add about 80 cents to the gallon.
Very glad to see this development. Fracking has been an game-changer for both oil and nat gas. It’s amazing how quickly we’ve gone from a major importer of natural gas to being a potential export powerhouse.
Terminals like this have the potential to wean Europe from Russian gas while also improving our balance of trade. Very excited to see it moving forward.
Combined General and Maryland “Freak State” PING!
Uh, it’s NATURAL gas, not gasoline.
See my #11
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