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Streamlining LNG Terminal Approvals: Faster Gas Export and Import

This act grants the Federal Energy Regulatory Commission (FERC) exclusive authority over approving the construction and operation of natural gas (LNG) export and import terminals. The goal is to streamline the regulatory process for these major infrastructure projects. FERC is required to deem the importation or exportation of natural gas consistent with the public interest, potentially accelerating energy development and impacting global energy markets.
Key points
Exclusive authority for approving LNG terminals is transferred to the Federal Energy Regulatory Commission (FERC).
FERC must automatically consider gas export and import to be in the public interest, speeding up infrastructure development.
The President retains existing power to prohibit gas trade with sanctioned countries or state sponsors of terrorism.
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Additional Information
Print number: 118_S_3704
Sponsor: Sen. Scott, Tim [R-SC]
Process start date: 2024-01-31
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Unlocking Domestic LNG Potential Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3704.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-01-31.

What are the main provisions?

Key points include:

  • Exclusive authority for approving LNG terminals is transferred to the Federal Energy Regulatory Commission (FERC).
  • FERC must automatically consider gas export and import to be in the public interest, speeding up infrastructure development.
  • The President retains existing power to prohibit gas trade with sanctioned countries or state sponsors of terrorism.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Scott, Tim [R-SC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy