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President Obama signs LNG exports bill

LNG Industry,


US President Obama has signed into law S. 2444, the Howard Coble Coast Guard and Maritime Transportation Act of 2014.

The law incorporates legislation introduced by Congressman John Garamendi, H.R. 5270, the Growing American Shipping Act, which requires that the Department of Transportation develop policies that enhance the national security and port safety of the US, by encouraging the transport of LNG on US-built and US-flag vessels.

The law aims to maintain the technological ability of the US shipbuilding industry to build and repair vessels for the Navy and the Coast Guard by maintaining the critical industrial infrastructure and skilled human workforce necessary to build such vessels. Moreover, the legislation promotes American job creation by encouraging domestic shipbuilding and the use of LNG mariners in activities related to the export of LNG.

Commenting on the legislation, Garamendi said: “When we export LNG, it should be on ships built in America with American crews. So long as we choose to export LNG, it should be creating good American jobs in the process, and the revitalisation of America’s shipbuilding industry has spiralling impacts that go far beyond this commodity.”


Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/lng-shipping/12012015/obama-signs-us-lng-exports-bill-32/


 

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