American Petroleum Institute welcomes FY17 National Defense Authorization Act

The American Petroleum Institute (API) welcomed the passage of the FY17 National Defense Authorization Act (NDAA) in the U.S. House of Representatives on Thursday for revised Liquefied Natural Gas (LNG) export provisions.

“U.S. LNG exports will create American jobs, significantly strengthen the global energy marketplace, and bolster our strategic alliances,” API Executive Vice President Louis Finkel said. “Today’s action by the U.S. House of Representatives to approve LNG exports provisions as part of the defense authorization bill further cements the critical role U.S. energy plays at home and abroad.

“It’s time for our nation to fully embrace the vast economic and geopolitical opportunities unleashed by the energy renaissance. U.S. LNG exports ensure that consumers across the globe have access to stable, diverse energy supplies, protect America’s role as a global energy leader, further enhance national security in the homeland and help our allies break dependence on nations that use their energy resources as a political weapon.”

The NDAA includes the revision of LNG export provisions that will impact the resource’s permit application process through the Department of Energy. API is confident the inclusion of LNG in the U.S. energy portfolio will improve the U.S. economy and the nation’s energy security.