Earlier in August, APGA submitted comments to the Bureau of Ocean Energy Management (BOEM), which is an office within the Department of the Interior (DOI). This feedback addressed concerns with how the federal government is executing the natural gas leasing program for the outer continental shelf. In 2021, offshore natural gas production was only about 2%. However, given both domestic and global demand for natural gas, limiting any supply could be detrimental, especially to the commodity price. APGA member efforts to provide affordable energy to their customers could be impacted.
Contrary to many policies being pursued by the Biden Administration, independent analysis from the Energy Information Administration (EIA) has shown that natural gas will be necessary to meet the country’s energy needs for the foreseeable future. Continued American offshore exploration,
development, and production will provide greater economic and security benefits to U.S. utilities, workers, and consumers. Not to mention, Gulf of Mexico offshore production is recognized as some of the least carbon-intensive production in the world. For all of these reasons, it was important for APGA to ask the Biden Administration to continue pursuit of responsible offshore leasing and development.
To see APGA’s comments,
click here.
To learn more about the challenges facing partners in the offshore natural gas production sector, participate in the educational webinar APGA is hosting on September 20 at 2:00 ET. More details on this event can be found
here.
For questions on this article, please contact Stuart Saulters of APGA staff by phone at 202-544-1334 or by email at
ssaulters@apga.org.