Document GKRzJyELDeQ91eEzaMGVeryjm

Document 40 From : Rapp, Andrew Se nt: Mon, 14 Jul 2025 21:11:26 +0000 To : Smith, Lem Subject: Fw: Energy Department Authorizes Strategic Petroleum Reserve Exchange to Support Fuel Supply in Gulf Coast From : doenews@hq.doe.gov <doenews@hq.doe.gov> on behalf of DOE Press Office <doenews@hq.doe.gov> Sent: Friday, July 11, 2025 10:57:07 AM To: Rapp, Andrew <andrew.rapp@hq.doe.gov> Subje ct: Energy Department Authorizes Strategic Petroleum Reserve Exchange to Support Fuel Supply in Gulf Coast Press Release For Immediate Release July 11, 2025 Contact: doenews@hq.doe.gov Energy Department Authorizes Strategic Petroleum Reserve Exchange to Support Fuel Supply in Gulf Coast WASHINGTON-The U.S. Department of Energy (DOE) today announced the authorization of an exchange from the Strategic Petroleum Reserve (SPR) with ExxonMobil Corporation to address logistical challenges impacting crude oil deliveries to the company's Baton Rouge refinery. U.S. Secretary of Energy Chris Wright authorized trus action to help maintain stable regional supply of transportation fuels across Louisiana and the broader Gulf Coast. This action Sierra Club v. Dept of Energy, 4:25-cv-5027 SC_EVERSPLIT0027154 preserves the SPR's operational flexibility and will not impact or delay the Department's ongoing efforts to refill the reserve. Under the exchange agreement, DOE will provide up to 1 million banels of crnde oil from the SPR. The exchange will support ExxonMobil' s restoration of refinery operations that were reduced due to an offshore supply disruption. ExxonMobil will return the borrowed crude along with additional barrels of crude oil for the SPR at no cost to the taxpayer. The Department remains in close coordination with industry pa1iners to ensure stability in the fuel supply chain during the peak demand season. DOE continues to encourage refiners to prioritize efficient production and delivery of refined fuels, stands ready to suppo1i the nation's energy security through the responsible use of strategic resources, and will continue to deliver on President Tmmp's commitment to protect American energy security by refilling the SPR. Background: Sections 159 and 160 of the Energy Policy and Conservation Act (EPCA), 42 U.S.C.A. 6239 and 6240, authorize the Secretary of Energy to exchange SPR petroleum products and to acquire petroleum products by exchange for storage in the SPR. The Secretary of Energy has previously exercised this legal authority to conduct emergency exchanges in response to supply disruptions, including Keystone Pipeline in 2022, and the Calcasieu Ship Channel closures in 2006 and 2000. An oil supply disruption has led to reduced operations at the Baton Rouge refinery, limiting production of transportation fuels. The exchange is intended to ensure the maximum supply of refined fuel products in the Gulf Coast region while ExxonMobil resolves logistical challenges. ### This email was sent to andrew.rapp@hq.doe.gov U.S. Depa1iment of Energy, 1000 Independence Ave SW, Washington, DC 20585, USA Uns ubscr ibe Sierra Club v. Dept of Energy, 4:25-cv-5027 SC_EVERSPLIT0027155