Congressman Tim Ryan Statement on Liquefied Natural Gas (LNG) Permitting Certainty and Transparency Act

Jan 29, 2015 Issues: Energy

Congressman Tim Ryan issued the following statement in support of the Liquefied Natural Gas (LNG) Permitting Certainty and Transparency Act (HR 351) :

“This bill codifies the policy change that the Department of Energy voluntarily made last year, to expedite the approval process of LNG export facilities that have favorably completed the required Federal Energy Regulatory Commission (FERC) and National Environmental Policy Act (NEPA) reviews. I was proud to vote in favor of this important legislation. The longer we delay the approval of expanded exports, the more we risk losing our competitive and technological advantage over other natural gas-producing countries.

“I want to thank Congressman Bill Johnson for his work in introducing and promoting this bill. The potential for the United States in selling LNG to foreign nations can have an enormous effect, not only on the economy of northeast Ohio, but all around the country. While I realize the concerns regarding the price of natural gas for American consumers, I am confident that increased production will maintain competitive prices for the American market.

“Here in northeastern Ohio we have made great strides with both big and small manufacturers creating new jobs. Lower gas prices have helped fuel that resurgence. But we still have too many people without good paying jobs and expanding the export market for natural gas gives us the opportunity to provide more employment—an opportunity we need to take advantage of.  It is estimated that for every $1 billion in exports, up to 5,000 new jobs would be created (Center for Liquefied Natural Gas, which cites the U.S. International Trade Administration).”

Congressman Ryan was an original cosponsor of this legislation and is the founder and co-chairman of the Bipartisan Congressional LNG Export Working Group.