U.S. Senators Ask DOE to Slow Down LNG Export Approvals
Posted on Sep 26, 2016 in Federal Regulation, Liquefaction, LNG Exports, Markets and Competition | Comments Off on U.S. Senators Ask DOE to Slow Down LNG Export Approvals
A group of twelve U.S. Senators has sent a letter to U.S. Secretary of Energy Moniz requesting that “DOE slow its [LNG export] approval process until the full impacts of currently approved exports are realized.” The letter expresses concerns that LNG exports will increase domestic natural gas prices, noting that “more than 60 percent of 2015 natural gas production has been approved for export, but only a small fraction of that has actually been exported to date.” The letter states that “[w]e believe it would be prudent for the DOE to first evaluate the impacts of approved projects, especially as new export terminals come online, before approving additional LNG exports.”