Energy Department has final say on LNG

Feb. 6, 2013 at 8:00 AM

WASHINGTON, Feb. 6 (UPI) -- The U.S. Energy Department has the final say contracts to export liquefied natural gas, said Energy Deputy Assistant Secretary Christopher Smith.

A bill introduced by a bipartisan group of U.S. senators last week calls for the export of liquefied natural gas for Japan and NATO allies. The potential for U.S. natural gas trade is limited by the lack of export terminals.

Smith, assigned to the Energy Department's oil and natural gas office, told a utility meeting in Washington that his office was considering the latest report on the economic effects of LNG exports.

NERA Economic Consulting, in a report last year under a commission from the Energy Department, said potential exports of LNG could have "net economic benefits" for the United States but not affect the country's overall employment picture.

Smith said the energy department was reviewing that report, along with results from the department's Energy Information Administration but the department has the final say, the Platts news service reports.

"That is a process that is still managed by the (energy department) and the secretary of energy has the ultimate responsibility for making that decision," he said.

This week, Canadian regulators approved a 25-year license for LNG exports from a proposed export terminal in British Columbia.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Volvo unveils new child seat concept
JetBlue first major airline to offer direct New York to Cuba flights
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue