Fastrack LNG Deliveries to Europe Unlikely
Expedited regulatory approval of proposed US liquefied natural gas export terminals would not lead to their immediate construction nor to near-term deliveries of US gas into Europe, panelists at a Senate hearing have said, reports Platts.
Several US lawmakers want the Obama administration to quickly approve more LNG export applications in response to the crisis in Ukraine, with at least a half dozen House or Senate bills aimed at fast-tracking approvals for shipping LNG to American allies being considered.
But Edward Chow, a senior fellow at the Center for Strategic and International Studies' energy and national security program, told the Senate panel that quickening the pace of US LNG export approvals could be "irrelevant" in the near term.
Source: Platts