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    Washington Times: White House: Exporting natural gas to Europe, Ukraine not the answer

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Summary

The idea that US natural gas exports could immediately lessen Russian leverage over Ukraine in Europe is gaining momentum in Washington where the House Energy and Commerce Committee pushes bill to fast track federal approval of terminals.

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Press Notes

Washington Times: White House: Exporting natural gas to Europe, Ukraine not the answer

The Obama administration on Monday downplayed the notion that American natural gas exports could immediately lessen Russian leverage over Ukraine and Europe, but the idea is very much alive and gaining momentum on Capitol Hill.

The House Energy and Commerce Committee plans to fast-track legislation expediting the federal approval process for liquefied natural gas export terminals, two dozen of which remain trapped in lengthy reviews inside the Energy Department. A hearing on the measure, introduced just last week, will be held later this month, committee sources said.

Republicans long have prodded the White House to speed up the process and take advantage of America’s abundance of natural gas by selling to allies in Europe and elsewhere. The issue has come into the spotlight in recent weeks as Russia strengthens its grip on the strategic Crimean peninsula, which will vote Sunday on seceding from Ukraine.

Russia provides more than half of Ukraine’s natural gas and about 30 percent of Europe’s supply, giving it key power over both its neighbor and nations such as Germany that the U.S. must have on board to enact meaningful economic sanctions against Moscow.  MORE