The Hill: Senate bill increases natural gas exports to US allies
Republican senators introduced legislation Thursday that would allow the U.S. export of natural gas to European allies.
Sens. John Hoeven (R-N.D.), John McCain (R-Ariz.) and John Barrasso (R-Wyo.) introduced the North Atlantic Energy Security Act.
They said their bill would cut “bureaucratic red tape” to allow U.S. companies to export natural gas to U.S. allies and approve pending permits of those that want to liquefy the natural gas so that it is more easily transported abroad.
“We need to deploy a long-term strategy when it comes to helping our allies,” Hoeven said on the Senate floor Thursday. “We produce 30 trillion cubic feet of natural gas a year, but we only consume 26 trillion. ... We need markets.”