From the American Petroleum Institute today:
WASHINGTON, April 9, 2014 ─ API President and CEO Jack Gerard applauded today’s vote on legislation to fast track U.S. exports of liquefied natural gas (LNG). The measure, H.R. 6, was approved by the Energy and Commerce Subcommittee on Energy and Power.
“Today’s vote is just the latest signal that momentum for action on natural gas exports is stronger than ever,” said Gerard. “In the last few weeks, new proposals have won bipartisan support in both the House and Senate, and we are optimistic that members will come together on efforts to harness the full economic and strategic power of America’s energy exports. The U.S. is the world’s top producer of natural gas, and allies around the globe are looking to America for leadership on energy issues. Now is the time to tear down our own bureaucratic hurdles to trade, create thousands of new American jobs, and strengthen our position as an energy superpower.”
Introduced by Rep. Cory Gardner (R-Colo.), the Domestic Prosperity and Global Freedom Act would approve a backlog of over 20 export permits at the Department of Energy and expedite future permits for export to World Trade Organization (WTO) members. Related LNG proposals have received support from Senators Mark Udall (D-Colo.), John Barrasso (R-Wyo.), Mark Warner (D-Va.), Lisa Murkowski (R-Ala.), Mark Begich (D-Ala.), John Hoeven (R-N.D.), and Mary Landrieu (D-La.), among others.
API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 580 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 20 million Americans.
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