The US Department of Energy (DOE) announced a final rule that will provide for faster approval of applications for small-scale exports of natural gas, including liquefied natural gas (LNG), from US export facilities.
Under the Natural Gas Act, DOE has jurisdiction over imports and exports of natural gas. This deregulatory measure expedites the review and approval of applications to export small amounts of natural gas in the emerging small-scale LNG export market.
Diversified Gas & Oil Plc (LON:DGOC) owns and operates gas and oil producing wells in the Appalachian Basin in the United States. The Company’s operations are based in the neighbouring states of Pennsylvania, Ohio and West Virginia, which cover part of the largest and oldest hydrocarbon producing field in the US, known as the Appalachian Basin.