Comprehensive Energy Bill Will Bring Regulatory Certainty to the Permitting Process for LNG exports
Washington, D.C.: Today, The Center for Liquefied Natural Gas (CLNG) welcomed the passage of H.R. 8 – The North American Energy Security and Infrastructure Act of 2015 – by the House of Representatives, after a bipartisan vote of 249-174.
The comprehensive energy bill will help bring regulatory certainty to the Department of Energy’s (DOE) permitting process for liquefied natural gas (LNG) exports, by requiring the department to issue a final decision on any application to export LNG no later than 30 days after the conclusion of a project’s National Environmental Policy Act review.
Following the vote, CLNG Spokesperson Casey O’Shea issued this statement:
“The passage of H.R. 8 will bring clarity to the LNG export permitting process by implementing a clear deadline for DOE to act on applications. Increased natural gas exports will allow the United States to realize significant economic benefits resulting from tens of billions of dollars of new investment and the creation of thousands of direct and indirect jobs, while also supplying our friends and allies abroad with a reliable and clean energy.
“Regulatory certainty is crucial to fostering export capacity growth because LNG project developers must commit millions of dollars just to complete the permitting process, before spending billions on the facilities themselves. Clear timelines will facilitate efficient planning, scheduling, financing and construction of projects.
“U.S. LNG exports can also reduce global greenhouse gas emissions. Recent Energy Information Administration data shows that our natural gas reserves are at an all-time high, and that increased use of natural gas has helped lower domestic emissions. Exporting American LNG will allow our trading partners and allies to realize similar reductions; according to a recent lifecycle emissions comparison by Pace Global, U.S. LNG exports generate approximately half the greenhouse gas emissions of continued use of coal in Europe and Asia.
“The House of Representatives has supported legislation expediting the LNG review process since 2014. We urge the Senate to pass companion legislation that provides regulatory certainty for U.S. LNG exports.”