U.S. Energy Dept shakes up natural gas export review process

 The Obama administration on Thursday announced a major overhaul of its review process for U.S. liquefied natural gas exports, a change that would benefit companies with strong financial backing for their projects.Under the proposal, the Department of Energy would no longer issue conditional approvals of projects.Instead, the department would decide whether an LNG export project is in the national interest only after the Federal Energy Regulatory Commission, or another agency, had issued a final environmental review.The action would shift emphasis from the department’s conditional approval, placing the onus on FERC.

http://mobile.reuters.com/article/idUSL1N0OF1SP20140529?irpc=932

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