API President and CEO, Jack Gerard, has applauded the recent vote on legislation to fast track US exports of LNG.
Red tape on exports
The Energy and Commerce Subcommittee on Energy and Power approved H.R. 6, the Domestic Prosperity and Global Freedom Act, by a vote of 15 to 11. Proposed and authored by US Representative Cory Gardner, the legislation would cut through the red tape blocking exports of US LNG.
Gerard commented: “Today’s vote is just the latest signal that momentum for action on natural gas exports is stronger than ever. In the last few weeks, new proposals have won bipartisan support in both the House and Senate, and we are optimistic that members will come together on efforts to harness the full economic and strategic power of America’s energy exports.
“The US is the world’s top producer of natural gas, and allies around the globe are looking to America for leadership on energy issues. Now is the time to tear down our own bureaucratic hurdles to trade, create thousands of new American jobs, and strengthen our position as an energy superpower.”
The Domestic Prosperity and Global Freedom Act would approve a backlog of over 20 export permits at the Department of Energy and expedite future permits for export to World Trade Organisation (WTO) members.
Related LNG proposals have received support from Senators Mark Udall, John Barrasso, Mark Warner, Lisa Murkowski, Mark Begich, John Hoeven, and Mary Landrieu, among others.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/10042014/api_praises_congress_action_on_lng_bill_416/
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