US Officials Aiming to Expand Oil & Gas Exports To Grow Energy Market Share

For the first time in years, the Senate is considering a bill to update U.S. energy policy including a provision accelerating approval of permits to build coastal terminals for shipping American natural gas abroad.

Specifically, the bill requires the DOE to approve or reject an application to site, construct, and operate a liquid natural gas (LNG) export facility within 45 days of the completion of an environmental review. The bill also requires significant upgrades to the electrical grid system, with a focus on building new large-scale storage systems for electricity.

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