The U.S. Center for Liquefied Natural Gas (CLNG) sent letters to policymakers urging the Congress and secretary Perry to support the LNG development and establish a clear regulatory path for U.S. LNG exports.
The letters have been sent to the chairman and ranking member of the senate committee on energy and natural resources, another to the chairman, vice chairman and ranking member of the House Committee on Energy and Commerce, and a third to Secretary Rick Perry at the Department of Energy (DoE).
In the letter to the U.S. secretary of energy, CLNG noted that expediting LNG export approval process would strengthen the country’s economy and improve its position in the global energy market.
“LNG exports are also a substantial opportunity for U.S. economic and job growth, as each new terminal represents billions of dollars of investment in local economies. It’s estimated that the LNG industry could create up to 450,000 jobs by 2035, collectively generating as much as $86 billion in net benefits to the national economy,” the letter reads.
Each new LNG terminal is estimated to bring nearly US$11 million in annual tax revenue to the federal, state and local governments, CLNG claims.
The center also adds that the lengthy approval process for U.S. export permits hinders the country’s position in the market and undermines the investment proposition for domestic projects.