Freeport LNG Becomes Member of OEM Coalition

Our Energy Moment (OEM), a diverse group of businesses and economic development organizations dedicated to raising awareness and celebrating the many benefits of expanded markets for liquefied natural gas, announced that Freeport LNG Development has joined its growing coalition.

“We are pleased that Freeport LNG has joined our growing coalition,” said Andrew Ware, OEM spokesperson. “OEM looks forward to working together with Freeport and all of our coalition members to expand LNG export markets while reducing our trade deficit in the process. It is our hope that others will realize LNG’s economic and national security benefits for our long-term energy independence.”

“LNG exports can help to diversify energy markets in some vulnerable parts of the world. Their increased energy security increases our national security. In addition, LNG exports represent an incredible opportunity for the U.S. to expand jobs, strengthen its economic security and reduce its trade deficit all the while maintaining a domestic fuel cost advantage for manufacturing,” said Michael Smith, Chairman and CEO of Freeport LNG. “We are pleased to seize this game-changing opportunity and join OEM’s growing coalition to help position the U.S. as a net producer of natural gas in the years to come. This is truly at a defining energy transformation moment, and we’re glad to be a part of it.”

America’s natural gas revolution offers a transformational opportunity to reshape U.S. economy. According to recently published studies, LNG exports are expected to generate as much as $86 billion in net benefits to the U.S. economy and help create up to 2.4 million American jobs by 2035 supported by natural gas. Expanded markets for LNG exports also would incentivize new infrastructure investments worth billions of dollars in American communities, providing more jobs, taxes and revenue for roads and schools in U.S. states that produce natural gas.

In his State of the Union address in January, President Barack Obama highlighted the key role natural gas plays in job creation and in America’s transition to energy independence, saying, “Today, America is closer to energy independence than we have been in decades. One of the reasons why is natural gas.” The President told America during his address that “one of the biggest factors in bringing more jobs back is our commitment to American energy.”

Press Release, March 20, 2014; Image: Freeport LNG


Share this article

Follow LNG World News


<< Jun 2018 >>
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >

4th Annual Upstream West Africa Summit 2018

In June 2018, Senegal will play host to the No.1 Annual B2B Upstream Oil & Gas event, which will bring together the senior decision makers from across the prolific West Africa region to discuss the trends and challenges currently facing the Oil and Gas industry.

Since the discovery by Tullow Oil in 2007 of the Jubilee Field in Ghana, the Upstream sector has refocused its efforts to explore similar plays around the entire West and North West African coast. These efforts were rewarded with Cairn Energy’s prolific discovery in 2014 followed by Kosmos’ in 2015. The West Africa region has the industry’s spotlight firmly focused on further unlocking the potential of this largely underexplored region.

Companies that will be looking toward further unlocking the deepwater hydrocarbon potential of West Africa include: PETROSEN, BP, Kosmos Energy, Cairn Energy, FAR, Total E&P, Premier Oil, Shell, Tullow Oil along with the Ministries and key solution providers.

 More info

read more >

The 27th World Gas Conference (WGC 2018)

The 27th World Gas Conference (WGC 2018) will be the largest, most timely and most significant global gas conference and exhibition ever held.

read more >

Oil and Gas 2018

The conference will cover a wide range of topics and allow participants to discuss about the new technologies developed in Petroleum…

read more >