The crisis in Ukraine has rekindled calls for the US to export more of its newfound glut of natural gas overseas, but not everyone thinks that’s a good idea.
In recent days a number of Congressmen, including Wyoming Senator John Barrasso, have called for the Department of Energy to expedite its approval of natural gas export terminals. Barrasso says it would give the US more foreign policy leverage.
“The approval of contracts by the federal government, to say ‘this is going to go’ will undermine Russia’s pricing ability in the Ukraine and in Europe,” Barrasso says.
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.