NGSA asks Congress to pass bills facilitating LNG exports

The Natural Gas Supply Association called on Congress to support legislation that would facilitate more LNG exports. “Exporting LNG overseas will have broad economic benefits by flowing money back into the US economy and creating American jobs,” NGSA Pres. Skip Horvath said.

It specifically cited HR 6, which was the subject of a House Energy and Commerce Committee subcommittee hearing on Mar. 24. The measure, which committee member Cory Gardner (R-Colo.) introduced on Mar. 6, would approve pending LNG export applications to countries that do not have a free-trade agreement (FTA) with the US.

The bill and a similar measure in the Senate also would substitute World Trade Organization members for FTA countries, making more eligible for immediate approval. The US Department of Energy now has to review LNG export applications to non-FTA countries to determine if they are in the national interest.

“Beyond the well-known benefits to US markets, we have the opportunity to send a strong message to the global LNG market that can provide immediate reassurance to countries whose energy supplies are impacted by the current turmoil in Crimea,” Horvath said.

“Even though physical exports are not immediately available, removing some of the regulatory barriers would send a message to global markets that could accelerate competitive changes to the world gas market, to the benefit of customers,” he maintained.

Contact Nick Snow at nicks@pennwell.com.

Related Articles

Market watch: Energy futures prices rose slightly Friday

05/06/2002 Crude oil futures prices rose slightly Friday amid lingering uncertainty about a possible disruption of Middle East supplies, although tensions in ...

Gulf of Mexico oil service sector showing signs of an upturn

05/06/2002 The Gulf of Mexico oil service sector is experiencing the signs of an upturn, analysts with Simmons & Co. International, UBS Warburg LLC, and RBC D...

OTC: Industry, national agencies need to work together to make FPSOs work in the gulf

05/06/2002 Over the coming years, the oil and gas industry will have to keep an open line of communication with national agencies such as the US Coast Guard a...

Market watch: Energy futures prices fall as Iraq lifts embargo

05/07/2002 Crude oil futures prices fell Monday after Iraq announced plans to lift a self-imposed export embargo with exports expected to resume by Wednesday.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected