New bill to speed up LNG exports

US Senators Lisa Murkowski and Maria Cantwell have unveiled the Energy Policy Modernization Act of 2015. The Act focuses on a wide range of energy-related opportunities and challenges that have arisen over the past eight years.

The Act includes a section on LNG permitting, requiring the Secretary of Energy to make a decision on any LNG export application to countries that do not have free trade agreements (FTA) with the US within 45 days after completion of environmental review. Senator Murkowski believes that this will ensure that Alaska’s efforts to market its stranded natural gas can proceed in a timely manner without undue federal delay.

Senator Murkowski said: “This bipartisan bill is the result of months of hard work – listening sessions, legislative hearings, and bipartisan negotiations. Through it all, I have worked hard to ensure the ideas and concerns brought forward by Alaskans are included in its text […] Our bill features major provisions that will help us produce more of our world-class mineral base, harness more of our abundant energy resources, support our efforts to invest in renewable energy and energy efficiency, and much more. From hydropower to methane hydrates, and from permitting reforms to new initiatives to tackle high rural energy costs, my bill will provide significant benefits to residents all across our state.”

Edited from press release by Callum O'Reilly

Read the article online at: https://www.lngindustry.com/liquefaction/24072015/new-bill-to-speed-up-lng-exports-1059/