In late January the U.S. House of Representatives approved H.R. 351, the LNG Permitting Certainty and Transparency Act. The bill was designed to accelerate the approvals of U.S. liquefied natural gas (LNG) exports.
Rep. Bill Johnson (R-OH), Energy and Commerce Committee member wrote the bill “to put an end to the unnecessary obstructive delays” by the Department of Energy (DOE) on issuing U.S. LNG export applications. The bill requires the DOE to issue a decision on export applications following the conclusion of environmental review of LNG facilities.
A byproduct of the bill is the jobs that it will create not only in the United States and internationally as well. A study that was conducting by NERA economic consulting found that by increasing the trade of U.S. LNG could reduce the average number of unemployed in the U.S. by 45,000 as soon as 2018. Projections from The Energy Equipment and Infrastructure Alliance show that the market increase that would result from the bill’s passing could add as much as 150,000 jobs to the U.S. LNG supply chain.
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H.R 351, the LNG Permitting Certainty and Transparency Act is also designed to provide allies in Europe and around the world with a safe, alternative source of energy.
The bill has been lauded as a successful move by Republicans and the House Energy and Commerce Committee members as the United States continues to push forward with energy production and export. “The Energy and Commerce Committee has held multiple hearings about U.S. natural gas production. We now have the opportunity to bring more of this critical energy resource to other parts of the world while stimulating our energy security, economic growth, and foreign policy,” said Energy and Power Subcommittee Chairman Ed Whitfield (R-KY). “This important bill brings certainty to DOE’s approval process to ensure we can take advantage of the many benefits of U.S. LNG exports.”
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