Mandating US-Built Ships for Oil and Gas Exports to Boost Shipbuilding.
This law gradually requires exporters of crude oil and natural gas (LNG) to use vessels built and registered in the United States for a growing percentage of their shipments. The goal is to revitalize the American shipbuilding and manufacturing sectors, creating jobs and training opportunities for US mariners. While potentially increasing export costs, the primary effect is strengthening domestic maritime infrastructure and industrial capacity.
Key points
A rising percentage mandate for exporting crude oil and natural gas using US-built and US-flagged vessels (up to 15% for LNG, 10% for crude oil).
Vessels must incorporate major components (like engines, pumps, and cranes) manufactured within the United States.
New training and employment opportunities are required for US licensed and unlicensed mariners working on these energy transport vessels.
Status:
Expired
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