US Senate Democrats Press For Speedier LNG Export Permits

Posted by Joseph R. Fonseca
Friday, May 02, 2014
President Barack Obama

 

The Obama administration must speed up approvals of liquefied natural gas exports to help boost global supplies and help U.S. allies, five Senate Democrats said on Friday.

The lawmakers, all from natural gas-producing states, urged the Energy Department to place additional weight on national security matters in its review of LNG export applications.

The Democrats said they wanted to show the White House that there is significant Democratic support for speeding up gas exports, even though Republicans typically lead the chorus.

"Our allies have emphasized that a strong market signal from the United States that it is a willing future supplier of LNG, even if those supplies are not immediately available, would have profound, positive and immediate strategic implications," the lawmakers said in the a letter to President Barack Obama.

It was signed by Senators Mark Udall of Colorado, Mary Landrieu of Louisiana, Mark Begich of Alaska, Tom Udall of New Mexico and Heidi Heitkamp of North Dakota.

The Energy Department should also prioritize consideration of projects with backers that have already made major investments, the lawmakers said.

The Energy Department has approved six projects in the past year, averaging about six to eight weeks between decisions, but has so far considered applications in the order they are received. The next in line for approval is A Leucadia National Corp facility in Oregon.

Lawmakers have pressured the administration to issue decisions on more than 20 pending proposals in the wake of Russia's seizure of Crimea from Ukraine. In the past Moscow has cut gas supplies during regional disputes.

Critics of accelerating the pace of LNG export approvals say the United States remains years away from shipping significant amounts of gas abroad, as these projects still have to be constructed. Some chemical companies and others that use natural gas for manufacturing say exporting too much gas will raise costs for domestic users.

(Reporting by Ayesha Rascoe, editing by Ros Krasny and David Gregorio)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Eni Cancels Vessel Deal with Viking Supply Ships

Viking Supply Ships A/S (VSS) has received an early termination notice of the contract for the Ice-class 1A AHTS “Njord Viking”. The vessel has been working for

Hyundai Bags NZ Defence Order

Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, has won an order to build a 23,000 ton class logistics support vessel for New Zealand Defence

GAIL, Gazprom Renegotiating LNG Deal

As weak demand in India forces it to stall some contracted supply, GAIL India Ltd (GAIL) is in talks with Russia's Gazprom to delay and renegotiate a 20-year gas

Finance

Turkey’s Role for the Tanker Market

Even though the coup attempt in Turkey  failed and the transportation situation normalized quickly thereafter, Poten & Partners take a look at the importance of Turkey to the tanker market.

China’s One Belt, One Road: Will it Reshape Global Trade?

The future of trade in Asia could depend heavily on what becomes of China’s expansive One Belt, One Road initiative, which calls for massive investment in and

IOC Mulls Buying GSPC's Stake in Mundra Terminal

Indian Oil Corporation (IOC), the country's largest oil company,  is in talks to buy debt-laden Gujarat State Petroleum Corp’s (GSPC) stake in the under-construction Rs.

Energy

Los Angeles Port Pushes for Valero Oil Terminal Improvements Project

The Port of Los Angeles has released an Initial Study/Notice of Preparation (IS/NOP) — the first step in the Environmental Impact Report (EIR) process —

Canada Seek to contain Oil Spill

Authorities are building a new containment boom to fight an oil spill in a major western Canadian river, officials said on Saturday, after the spill breached a

Ecuador Pays $112 mln Award to Chevron

Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said.

LNG

IOC Mulls Buying GSPC's Stake in Mundra Terminal

Indian Oil Corporation (IOC), the country's largest oil company,  is in talks to buy debt-laden Gujarat State Petroleum Corp’s (GSPC) stake in the under-construction Rs.

GAIL, Gazprom Renegotiating LNG Deal

As weak demand in India forces it to stall some contracted supply, GAIL India Ltd (GAIL) is in talks with Russia's Gazprom to delay and renegotiate a 20-year gas

LNG: Did the Greeks Get it Wrong?

In December 2013, Alibra’s market report front page read: “When in shipping, do as the Greeks do.” At that time, Alibra was referring to the fact that 31% of the

News

Los Angeles Port Pushes for Valero Oil Terminal Improvements Project

The Port of Los Angeles has released an Initial Study/Notice of Preparation (IS/NOP) — the first step in the Environmental Impact Report (EIR) process —

Eni Cancels Vessel Deal with Viking Supply Ships

Viking Supply Ships A/S (VSS) has received an early termination notice of the contract for the Ice-class 1A AHTS “Njord Viking”. The vessel has been working for

B&G Software Upgrade for Zeus2 and Vulcan Chartplotter

B&G, the world’s leading sailing navigation and instrument specialist has upgraded its latest software for the full range of Zeus2 and Vulcan chartplotters. The

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1108 sec (9 req/sec)