A new report has been released providing further support for freeing up energy exports from the US, including exports of liquefied natural gas (LNG).
The report, Energy Rush: Shale Production and US National Security, has been released by the Unconventional Energy and US National Security Task Force, co-chaired by Ambassador Paula J. Dobransky, Governor Bill Richardson, and Senator John Warner.
Domestic energy needs
The report looks at the ongoing shale boom in the US and its implications for domestic energy needs and the country’s national security:
“As the United States imports less energy, some policy leaders hope that a push toward energy isolationism will insulate the country from instability in the global energy market. Such hopes are unfounded. Hoarding energy at home, neglecting bilateral relationships with major global energy players and forfeiting economic opportunities to export energy would leave the United States less secure. Moreover, policymakers would then be unable to use energy as a tool of economic statecraft to coerce or benefit other countries.”
Act on LNG
Act on LNG, the campaign dedicated to maximizing America’s competitive energy advantage through a market-oriented solution to LNG exports, has released the following statement regarding the report:
“The Department of Energy (DOE) should take this report seriously and consider ways in which it can accelerate the approval of licenses to export LNG. Twenty-three LNG export license applications have been languishing at the Department of Energy – the longest for over 770 days. This report only adds to the overwhelming evidence that LNG exports are in the public interest.”
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/07022014/report_supports_exports_of_lng_138/