Saturday, April 20, 2024

Senator Kennedy Warns DOE Secretary Granholm Against Restrictive LNG Export Rules

by BIZ Magazine

MADISONVILLE, La. – January 19, 2023 – Senator John Kennedy (R-La.), the Ranking Member of the Senate Energy and Water Subcommittee on Appropriations, has cautioned Department of Energy (DOE) Secretary Jennifer Granholm against implementing new rules that could significantly hinder the U.S. liquefied natural gas (LNG) industry.

In a letter addressed to Secretary Granholm, Senator Kennedy expressed his concerns about potential rules that could impose unnecessary burdens in the permitting process and restrict U.S. exports of LNG. He emphasized the detrimental impact such restrictions could have on a burgeoning industry that employs tens of thousands of Americans and plays a crucial role in providing affordable and reliable energy.

“The Department of Energy, through new guidelines and rulemakings, will crush a burgeoning U.S. industry that employs tens of thousands of Americans, provides cheap and reliable energy to millions, and is a vital instrument in weening the world off of dirty Russian energy,” warned Senator Kennedy.

He further highlighted the vast natural gas resource base in the U.S., estimating it to stand at close to 4,000 trillion cubic feet (Tcf) of natural gas. Senator Kennedy urged utilizing this resource to maintain energy independence, assist allies, reduce emissions, and create well-paying jobs.

Louisiana, a significant player in the LNG export market, accounts for 63% of all U.S. LNG exports. The LNG industry in the state employs approximately 18,000 people and contributes significantly to Louisiana’s economy, adding $4.4 billion.

Senator Kennedy’s letter comes amidst concerns that potential restrictions could hamper the growth of the LNG industry, impacting both the economy and job market in Louisiana and beyond. The senator emphasized the importance of fostering an environment that supports the responsible and efficient use of the abundant natural gas resources in the United States.

The full text of Senator Kennedy’s letter to DOE Secretary Granholm can be found here.

You may also like

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00