“We think the bill is unnecessary because the [US] Department of Energy is already taking steps to modernize LNG export approval process and ensure applications are looked at efficiently and expeditiously,” Schultz told journalists during a Wednesday press briefing.
On Wednesday, US House of Representatives has passed the LNG Permitting Certainty and Transparency Act that would cut current red tape and ensure expedited exports to US partners.
However, Schultz said that “the process is working well and that bill is totally unnecessary.”
The recent boom in US oil and natural gas production has resulted in foreign export contracts and led the US Department of Energy (DOE) to authorize a number of new LNG export terminals across the United States. According to the DOE estimates, US LNG exports will begin in 2016.
