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

Contracts

POSCO Production at Indiana Ports to start in 2017

Officials from POSCO, the Ports of Indiana and community leaders gathered to break ground today on POSCO's new wire rod processing center at the Port of Indiana-Jeffersonville.

Ferry Conference: Technology Drives Vessel Advancements

On June 2-3, 2016,  the Ferry Safety and Technology Conference will be held in downtown Manhattan.   Throughout the world, the quickening pace of technological

Korean Shipbuilders Maintain Top Ranks, Despite Troubles

Korea's 'Big Three' shipbuilders are still the world's three biggest by order backlog, despite their troubled management, according to data from UK-based Clarkson Research Services.

Finance

Matson Announces Q2 Dividend of $0.18/Share

The Board of Directors of Matson, Inc. today declared a second quarter dividend of $0.18 per common share. The dividend will be paid on June 2, 2016 to all shareholders

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

Baltic Index Dips on Weaker Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday, hurt by lower rates for capesize and panamax vessels.

Energy

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

India Instructs Disputed Tanker to Await UN Orders

India has instructed an Indian-flagged oil tanker that has been blacklisted by the U.N. not to discharge its cargo of crude oil from Libya's rival eastern government

Norway: Oil Industry Safety Deteriorated in 2015

The risk of accidents in Norway's oil industry rose last year after reaching record lows in 2014, a survey by the Nordic country's safety watchdog showed on Thursday.

LNG

AIDAprima Makes Maiden Call at Southampton

AIDA Cruises’ new flagship AIDAprima docked in Britain’s Southampton port for the first time on the morning of April 27, 2016, as part of a four-day short cruise.

Statoil: Limited U.S. LNG Impact in Europe this Year

The European natural gas market is well supplied by pipeline gas from Norway and Russia, Norway's Statoil said on Wednesday, adding that it expected only limited impact from U.

US Battles Russia for European LNG Market

As the U.S. prepares to enter the European gas markets with its first delivery of liquefied natural gas, Norway and Russia are expected to increase production

News

Matson Announces Q2 Dividend of $0.18/Share

The Board of Directors of Matson, Inc. today declared a second quarter dividend of $0.18 per common share. The dividend will be paid on June 2, 2016 to all shareholders

Disabled Fishing Vessel Towed to Maine

The 60-foot fishing boat Paulo Marc was towed by the crew of U.S. Coast Guard Cutter Moray after the fishing vessel became disabled Wednesday about 90 miles east of Portland, Maine.

Blacklisted Oil Tanker Returning to Libya

An Indian-flagged oil tanker is returning to Libya, the North African country's rival oil corporation said on Thursday, after its failed first attempt to export

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Salvage Shipbuilding / Vessel Construction Sonar Winch
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: 0.1060 sec (9 req/sec)