The American Petroleum Institute (API) has issued a statement in support of the US House Armed Services Committee’s passage of the LNG exports amendment in the FY17 National Defense Authorization Act, which would streamline the US Department of Energy (DOE) permit application process and strengthen economic development and energy security in the US and abroad.
API Executive Vice President, Louis Finkel, said: “The House Armed Services Committee’s passage of LNG exports legislation is the latest example of bipartisan recognition by Congress that the US is an energy superpower.
“Expanding LNG exports will create American jobs, grow our economy, strengthen the global marketplace and bolster strategic alliances abroad. US LNG exports not only provide international consumers with greater choice, but also help them break dependence on nations that use their energy resources as a diplomatic and political weapon.
“It’s time for our nation to fully embrace the economic and geopolitical opportunities unleashed by the energy renaissance. Accelerating exports of US LNG ensures that consumers across the globe have access to stable, diverse energy supplies, protects America’s role as a global energy leader and further enhances national security in the homeland.”
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/28042016/api-praises-latest-effort-to-pass-lng-exports-legislation-2371/