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Congressman Proposes Legislation to Limit LNG Exports

Congressman Ed Markey (D-Mass.) introduced two bills yesterday that would limit LNG exports from the United States. The first would require that any natural gas produced from federal lands would have to be sold to domestic consumers. The second would pro
February 14, 2012

Congressman Ed Markey (D-Mass.) introduced two bills yesterday that would limit LNG exports from the United States. The first would require that any natural gas produced from federal lands would have to be sold to domestic consumers. The second would prohibit FERC, until the year 2025, both from approving applications to site, construct, expand, or operate an LNG terminal to export LNG and from amending an existing FERC authorization to permit modification of an existing LNG terminal in a way that would allow the terminal to export LNG.

C. Boyden Gray, a former U.S. ambassador to the European Union, told the Natural Gas Roundtable yesterday that he does not support the bills restricting LNG exports from the United States, suggesting that LNG exports could benefit the United States' foreign trade deficit. Read more in Platts LNG Daily. [Subscription required]

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