Cruz legislation would make it easier to export LNG from US to most countries
Daily Energy Insider:
Sen. Ted Cruz (R-TX) introduced this week the Natural Gas Export Expansion Act, which would expedite the process to export liquid natural gas (LNG) to non-Free Trade Agreement (FTA) countries.It appears there are still elements of the anti-energy left who are stalling the approval process. It should not take nearly five years to get such an approval. I would consider a provision that required the process to be completed within six months or it would automatically be approved.
The bill would cause non-FTA countries to be treated the same as free trade countries in regards to LNG export permits. It would retain current law for restricted nations that are subject to sanctions or trade restrictions and allow the President or Congress to specifically exclude any country from expedited approval.
The current review process for LNG exports can be lengthy. A press release from Sen. Cruz cited a case in which a Texas company filed its initial application to export LNG to non-FTA countries in October 2012 and did not receive Department of Energy (DOE) approval until April 2017.