Capito, Colleagues Reintroduce Legislation to Remove Unnecessary Restrictions on LNG Exports
WASHINGTON, D.C. – U.S. Senators Shelley Moore Capito (R-W.Va.), Bill Cassidy, MD (R-La.), John Kennedy (R-La.), and U.S. Representative Clay Higgins (R-La.), today reintroduced the License Natural Gas (LNG) Now Act to remove barriers placed on U.S. exporters so they can quickly access the market and meet the global demand of natural gas. This legislation would revamp the current system put in place by the Department of Energy (DOE) decades ago and continue market growth of U.S. LNG exports without any delays.
“I’m always working to grow West Virginia’s energy industry,” Senator Capito said. “This legislation would expand international markets for natural gas produced in West Virginia while supporting American foreign policy and reducing our allies’ dependence on hostile sources of energy, like Russia and Iran.”
Under the bill, the United States would have the opportunity to meet the anticipated 4 to 5 percent of the annual LNG global demand growth. The administration would also retain the ability to limit natural gas importation and exportation levels during emergencies, disasters, or exchanges with particular foreign nations.
The LNG Now Act:
- Removes decades-old restrictions on the exportation and importation of natural gas that have stalled development of previous projects.
- Guarantees acceptance of export volume applications to the DOE for export and import of natural gas without delay.
- Retains the DOE’s management and record-keeping responsibilities.
- Has the potential to lower global CO2 emissions by foreign nations replacing high emitting energy sources with natural gas.
- Retains the administration’s ability to limit export or import of natural gas during national emergencies or disasters.
- Retains the administration’s ability to restrict import or export of natural gas to nations unfriendly to the United States.
- Requires the secretary of energy to submit a report to Congress on what actions could be taken by the U.S. government to foster increased exportation of natural gas.
- Requires the secretary of energy to submit a report to Congress that identifies current regulations that inhibit the growth of the U.S natural gas market.
- Keeps the Federal Energy Regulatory Commission (FERC) LNG Export facility process intact.
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