LNG export permit authorizations to 2050 aligns policy with rapidly evolving long-term global market
Western States and Tribal Nations Natural Gas Initiative (WSTN) applauds the Trump Administration for extending U.S. LNG export permits to 2050 from 20 years, a critical policy change that will benefit the U.S. economically and diplomatically while increasing the opportunity to make rapid global emissions reductions.
The extension, which applies to nations that do not have a free trade agreement with the U.S., aligns the regulatory environment with the rapidly evolving global LNG market and increases the competitiveness of American companies at a time when greater investment at home is needed to drive our post-COVID-19 recovery.
"Western States and Tribal Nations since its inception has advocated for greater LNG exports for not only the obvious benefits of economic development for our rural communities and tribal nations, but because they offer the fastest path to global emissions reductions," WSTN President Andrew Browning said.
"U.S. natural gas is produced under the most stringent environmental regulations in the world, and the opportunity to provide a reliable, affordable supply to Asian and other nations to replace higher-emitting fuels will produce rapid emissions reductions globally," he said. "The U.S. will benefit from long-term economic activity that will create jobs and revive our tribal nations and rural communities in the West for decades, while advancing U.S. commercial diplomacy."
Besides increasing America's ability to help allied nations and bolster important national security objectives, the LNG export industry will reduce the U.S. trade deficit by more than $10 billion a year, according to Energy Secretary Dan Brouillette. During a briefing, Assistant Secretary Fossil Energy Steven Winberg said that will climb to $30 billion a year by 2030 and that current approved export capacity is 45.89 billion cubic feet per day.
About the Western States and Tribal Nations Natural Gas Initiative Western States and Tribal Nations is a unique, trans-national initiative led by sovereign tribal nations, states and counties focused on creating rural economic development, advancing tribal self-determination and reducing global emissions through the export of clean natural gas from western North American basins to nations that currently use higher-emitting fuel sources to power their economies.
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