U.S. LNG EXPANDING

WASHINGTON, April 27, 2016 – The American Petroleum Institute applauded the U.S. House Armed Services Committee's passage of the LNG exports amendment in the FY17 National Defense Authorization Act, which would streamline the Department of Energy permit application process and strengthen economic development and energy security in the U.S. and abroad.

"The House Armed Services Committee's passage of LNG exports legislation is the latest example of bipartisan recognition by Congress that the U.S. is an energy superpower," said API Executive Vice President Louis Finkel.

"Expanding LNG exports will create American jobs, grow our economy, strengthen the global marketplace and bolster strategic alliances abroad. U.S. LNG exports not only provide international consumers with greater choice, but also help them break dependence on nations that use their energy resources as a diplomatic and political weapon.

"It's time for our nation to fully embrace the economic and geopolitical opportunities unleashed by the energy renaissance. Accelerating exports of U.S. LNG ensures that consumers across the globe have access to stable, diverse energy supplies, protects America's role as a global energy leader and further enhances national security in the homeland."

api.org

-----

More: 

U.S. LNG TO EUROPE 

GAS FUTURES UP 7.6% 

EU GAS PRICE 

YAMAL LNG CREDIT LINE: EUR 3.6 BLN 

GLOBAL LNG UP 2.5% 

EU GAS USE UP 4%