SOURCE: Industrial Info Resources

Industrial Info Resources

July 12, 2013 06:20 ET

Proposed U.S. House Bill Sets Stage for Massive Build-Out of LNG Export Facilities on Gulf Coast, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jul 12, 2013) - Written by Edward Weatherly for Industrial Info Resources (Sugar Land, Texas) -- U.S. Representative Ted Poe (R-TX), formerly a Houston judge, has introduced bill H.R. 2471, which, if passed, will remove the U.S. Department of Energy (DoE) from the approval process for new liquefied natural gas (LNG) liquefaction and export terminals. The proposed bill would transfer the regulatory authority concerning LNG exports directly to the Federal Energy Regulatory Commission by amending the Department of Energy Organization Act. This would save a great amount of time and uncertainty regarding the current plethora of proposed LNG projects, which are concentrated along the Gulf Coast.

Other companies featured: Cheniere Energy Incorporated (NYSE:LNG)

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