Streamlining Natural Gas Export and Import Approvals
This new act changes the rules for approving the construction and operation of natural gas terminals. The Federal Energy Regulatory Commission will have exclusive authority, deeming gas import and export consistent with public interest. However, the President retains the right to prohibit trade with state sponsors of terrorism.
Key points
Simplifies the approval process for building and expanding natural gas terminals, potentially impacting energy availability and prices.
The Federal Energy Regulatory Commission gains exclusive control over LNG terminal decisions, which could accelerate investments.
The President retains the power to block gas trade with countries designated as state sponsors of terrorism, affecting national security.
Status:
Introduced
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