facebook
twitter
rss
account
search
search
 

U.S. senators want more LNG exports

Feb. 4, 2013 at 9:21 AM   |   Comments

WASHINGTON, Feb. 4 (UPI) -- A bill introduced by a bipartisan group of U.S. senators calls for the export of liquefied natural gas for Japan and NATO allies.

The Expedited LNG for American Allies Act of 2013 would amend federal law by requiring the U.S. Energy Department to back exports for NATO members and Japan.

U.S. Sen. John Barrasso, R-Wyo., said more exports would capitalize on natural gas deposits from Wyoming. Sen. Mark Begich, D-Alaska, said his state has plenty of LNG to sell.

Eleven other senators, mostly Republicans, backed the measure.

"This will expand economic opportunities across America and help lower our nation's trade deficit," Barrasso said in a statement. "Our bill will also promote the energy security of key U.S. allies by helping reduce their dependence on oil and gas from countries, such as Russia and Iran."

Japanese natural gas demand has soared in the wake of the Fukushima nuclear disaster in 2010. Only the Sabine Pass terminal in Louisiana has the permits needed to export LNG to Free Trade Agreement partners and non-FTA partners, like Japan.

The potential for U.S. natural gas trade is limited further by the lack of export terminals.

Topics: Mark Begich
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Creator of 'Honey Badger Don't Care' brand sues for trademark infringement Creator of 'Honey Badger Don't Care' brand sues for trademark infringement
2
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
3
Rheinmetall, KBR in joint venture bid for British defense entity
4
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
5
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
Trending News
Video
x
Feedback