US Senate energy bill would speed up LNG export process

US Senate energy bill would speed up LNG export process

Washington: An energy bill introduced to the US Senate on Wednesday would, if adopted, speed up the processing of liquefied natural gas (LNG) exports.

A major provision in the bill would require the Department of Energy to approve or deny applications to export LNG to non-free trade agreement countries within 45 days of final action at the Federal Energy Regulatory Commission (FERC) or the Maritime Administration.

That effectively gives a boost to would-be LNG exporters and the shipping lines that would be carrying the exportable fuel.

The politically bipartisan legislative package is the product of a number of Senate hearings in recent months.

The principal movers of the bill have been Republican Senator for Alaska, Lisa Murkowski, who chairs the Senate Energy Committee, and Democratic Senator for Washington – and energy committee member – Maria Cantwell.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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    Senators strike deal on sweeping energy bill | TheHill | EcoGreenable
    July 23, 2015 at 8:03 pm

    […] US Senate energy bill would speed up LNG export process – Splash 247 Washington: An energy bill introduced to the US Senate on Wednesday would, if adopted, speed up the processing of liquefied natural gas (LNG) exports. A major provision in the bill would require the Department of Energy to approve or deny applications … Read more on Splash 247 […]