Saturday, April 20, 2024

Senators Kennedy and Scott Introduce Bill to Boost U.S. LNG Exports

by BIZ Magazine

WASHINGTON – Senators John Kennedy (R-La.) and Tim Scott (R-S.C.) have introduced the Unlocking Domestic LNG Potential Act, aimed at empowering the Federal Energy Regulatory Commission (FERC) to greenlight or reject applications for liquified natural gas (LNG) export or import facilities. The move comes as a response to what the senators perceive as politicization of American energy production under the Biden administration.

Kennedy emphasized the critical role LNG plays in providing clean energy, particularly for states like Louisiana. He expressed concerns over the Department of Energy’s (DOE) perceived obstruction of economic and geopolitical stability through its recent permitting pauses.

“Louisiana and many other states rely on the clean energy that LNG provides. We can’t allow the president’s Department of Energy to further jeopardize economic and geopolitical stability with its disastrous permitting pauses,” Kennedy stated.

Echoing similar sentiments, Senator Scott criticized President Biden’s suspension of American energy exports as politically motivated. He argued that exporting U.S. natural gas could actually contribute to lowering global emissions and enhance energy independence.

“President Biden’s move to halt American energy exports is pure politics. In fact, exporting U.S. natural gas would actually lower global emissions,” Scott asserted.

A bipartisan group of senators, including Sens. Katie Britt (R-Ala.), Bill Cassidy (R-La.), and Thom Tillis (R-N.C.), among others, have cosponsored the legislation. They are united in their efforts to unleash America’s natural resources, fortify energy independence, and safeguard national security.

This bill follows a series of actions by Kennedy and other lawmakers to address concerns over the Biden administration’s approach to LNG production. Kennedy had previously pledged to block President Biden’s nominees to the State Department and the Department of Energy until the administration ceases its perceived hostility towards LNG production.

Additionally, Kennedy and his colleagues had urged the administration to reverse its decision to pause permitting for LNG export facilities, citing threats to the industry. The recent halt in permitting affects projects like Louisiana’s Calcasieu Pass 2, among others.

The Unlocking Domestic LNG Potential Act seeks to streamline the permitting process for LNG export facilities, aiming to leverage America’s energy resources to meet global demand and strengthen national interests.

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