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S. 1981, Small Scale LNG Access Act of 2017 (CBO Report for Congress)

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Congress 115th
Date Requested March 8, 2018
Requested By Senate Committee on Energy and Natural Resources
Date Sent April 12, 2018
Description:

S. 1981 would require the Department of Energy (DOE) to approve any application to export less than 51.1 billion cubic feet of natural gas in a year to any nonsanctioned country with which the United States does not have an applicable free trade agreement (FTA). That volume represents roughly 1 percent of total approved natural gas exports to non-FTA countries to date. From 2012 through 2017, DOE received eight applications to export natural gas to non-FTA countries in amounts at or below the bill’s threshold. CBO expects that expediting the applications would reduce the time to approve them by several months, which could increase both the number of applications and the volume of gas exported. However, based on information provided by individuals working in the gas industry, CBO estimates those effects would be small.

 

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