The window is closing on the opportunity to export liquefied U.S. natural gas to world markets and the U.S. Department of Energy should approve all remaining export license applications by the end of the year, the House Energy and Commerce Committee said in a report released Tuesday.
"Our friends and allies around the globe desperately need a more stable, reliable, and affordable supply of natural gas, and American consumers and manufacturers need continued robust demand to bring additional resources into competitive production. The U.S. has the opportunity to be the world's preferred supplier, and the case for mutually beneficial trade is very strong," said the committee's report, "Prosperity at Home and Strengthened Allies Abroad: A Global Perspective on Natural Gas Exports."
Not everyone agrees, the group America's Energy Advantage (AEA), a trade association of manufacturers, has long argued against exporting domestic natural gas for fear it will raise gas prices at home and the costs paid by manufacturers.
"It makes no sense to rush more U.S. LNG overseas to countries that haven't signed free trade agreements with the U.S. at the same time millions of Americans are getting crushed by massive gas and propane bills from supply shortages and this brutal winter," AEA said. "It may very well help our global competitors, but it will hurt families, job creation and our economy here at home."