US Sen. John Hoeven (R-SD) introduced an LNG export bill that he said represents a compromise between measures introduced from both sides of the aisle. S. 2638 would give the US Department of Energy 45 days to make a national interest determination after an export project sponsor filed an application with the US Federal Energy Regulatory Commission, Hoeven said on July 24.
US Sen. John Hoeven (R-ND) introduced an LNG export bill that he said represents a compromise between measures introduced from both sides of the aisle. S. 2638 would give the US Department of Energy 45 days to make a national interest determination after an export project sponsor filed an application with the US Federal Energy Regulatory Commission, Hoeven said on July 24.
Hoeven, who is a member of the Energy and Natural Resources Committee, said the measure is a simple compromise between LNG export proposals Republicans and Democrats have offered because it keeps DOE in the process, but provides certainty by placing a reasonable timeline for it to make a decision. He said he would ask the committee for an immediate hearing on the proposal.
“This is simple, straightforward legislation that provides a set timeline for [DOE] to make decisions on LNG export permits,” the senator said. “It is a concrete solution to help us provide energy to our friends and allies. It will weaken [Russian President Vladimir V.] Putin’s energy leverage over Europe and encourage the European Union to stand with us on sanctions against Russia.”
NICK SNOW covered oil and gas in Washington for more than 30 years. He worked in several capacities for The Oil Daily and was founding editor of Petroleum Finance Week before joining OGJ as its Washington correspondent in September 2005 and becoming its full-time Washington editor in October 2007. He retired from OGJ in January 2020.
