The U.S. House of Representatives passed the FY17 National Defense Authorization Act (NDAA), which authorizes $602 billion in funding for the Department of Defense and the national security programs of the Department of Energy. While defense spending has little effect on the oil and gas market compared to other factors, there was a provision in the bill that will affect the oil and gas market in the U.S.

The bill included a measure to streamline the permit process through the Department of Energy to export LNG. The passage of the bill allowi...


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