API praises House committee vote for energy package

Bipartisan legislation approved by the House Energy and Commerce Committee will strengthen US energy security by streamlining the approval process for exports of LNG, promoting infrastructure improvements, and training workers for new opportunities in the energy sector, said API.

“This legislation would accelerate America’s energy revolution, bringing thousands of jobs to communities across the county,” said Louis Finkel, API’s Executive Vice President for Government Affairs. “America is now the world’s largest natural gas producer, and our exports have the potential to generate billions in economic opportunities for U.S. workers while supporting our allies against hostile nations.

“Additional educational and training opportunities created by this bill will ensure that workers of all backgrounds can prepare for new, well-paying jobs in the energy sector. And by facilitating investments in America’s energy infrastructure, this legislation will help to power a 21st century economy and bring affordable, reliable energy to consumers. We applaud the committee’s bipartisan efforts to modernize America’s energy policies, and urge members to quickly send this important bill to the House floor for a vote.”

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million US jobs and 8% of the US economy.

Edited from press release by Angharad Lock

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/01102015/api-praises-house-committee-vote-for-energy-package-1387/