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Expedited Approval for Small-Scale Natural Gas Exports

This new law aims to speed up the approval process for exporting small volumes of natural gas. This means companies can get quicker permission to sell gas abroad, potentially impacting global energy availability and prices. For citizens, this could indirectly affect economic stability and the nation's trade relations.
Key points
Faster Gas Export Approvals: Applications for exporting up to 51.75 billion cubic feet of natural gas per year will be processed more quickly.
Easier Trade with Free Trade Agreement Nations: Gas exports to countries with free trade agreements will also be expedited, unless that nation is subject to US sanctions.
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Additional Information
Print number: 117_S_3145
Sponsor: Sen. Cassidy, Bill [R-LA]
Process start date: 2021-11-03