exports

Wyoming exports up

Aug 19, 2013

Wyoming exported more goods to foreign markets in 2012 than in 2011.

Total revenue went from 1-point-2 billion dollars to 1-point-4 billion dollars. The largest market is Canada, followed by Australia and Brazil. Machinery and raw commodities like coal, and oil and gas are the top exports.

C-E-O of the Wyoming Business Council, Bob Jensen, says there are several factors that contributed to the growth.

US Senator John Barrasso is sponsoring a bill meant to expedite the process of shipping liquefied natural gas, or LNG, abroad. Currently, the Secretary of Energy has to sign off on LNG exports to countries included in the North Atlantic Treaty Organization, as well as Japan, and open a comment period for exports to nations not part of NATO. The bill would allow the secretary to skip the comment period if the secretaries of state and defense agree that exports to a specific, non-NATO country are in the national security interest of the US.