Yoho, Waltz, Introduce Small Scale LNG Bill
Washington, D.C. — Today, Congressmen Ted S. Yoho (R-FL) and Michael Waltz (R-FL) introduced the Small Scale LNG Access Act - H.R. 1836. This legislation will expedite the approval of natural gas exports equal to or less than 51.1 billion cubic feet per year.
The current permitting process for LNG export facilities is expensive, and small-scale projects often are not cost effective under current conditions. Reducing the time and investment required for small-scale exports will benefit U.S. production, manufacturing, and construction jobs while also reducing trade deficits with the importing country. Increasing LNG exports, even on a small scale, will positively impact the economies of the United States as well as the economies of those receiving U.S. natural gas.
“With America’s vast natural gas reserves, JAXPORT in North Central Florida is in a position to be a valuable trading hub to meet global demand for Liquified Natural Gas (LNG) exports,” said Yoho. “At the end of 2018, demand for LNG has seen a sixty-percent increase from what it was in 2017. We must capitalize on the growth of this energy sector. Jacksonville is an ideal location to service the needs of the Caribbean, South America, and the rest of the world with abundant, clean-burning American natural gas. This will not only mean good paying jobs regionally but increased economic benefits for our state economy as well.”
“South and Central American countries have limited alternatives to Maduro’s socialist oil for energy resources,” Waltz said. “This bill makes American liquefied natural gas accessible and cost-effective to regional allies that no longer want to rely on Venezuelan oil.”
*Senators, Cassidy (R-LA), Rubio (R-FL), and Kennedy (R-LA) introduced the companion legislation in the Senate.