America’s Energy Advantage (AEA) has submitted comments regarding the Department of Energy’s (DOE) proposed changes to liquefied natural gas export decisions.
“The changes proposed by the Department of Energy to the LNG export review process must continue to be guided by what is in the public interest of all Americans. The public interest test is the very centre of the Natural Gas Act. Yet the Department of Energy has yet to define the underlying standards that the Department is using to assess whether proposed LNG exports are in the public interest,” wrote America’s Energy Advantage.
The coalition welcomed DOE’s plans to commission a new economic study noting that it “should be conducted by an independent panel of experts. It should examine all relevant factors which may affect supply, demand and price, including data that has been ignored to date – the utility sector’s increasing reliance on natural gas, the transportation sector’s growing trend of fuel switching and the manufacturing sector’s growth and increasing demand projections.”
AEA also asked the DOE to initiate “a public process to determine appropriate criteria to determine public interest.”
In conclusion, AEA argued: “The overarching policy goal should be to broadly optimise outcomes for the nation as a whole, from the American consumer to the various sectors of the economy and, at a minimum, to reflect income effects, job creation and value-added inputs to the economy from production and investment.”
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/25072014/aea-on-doe-changes-to-lng-export-decisions-1067/