The Subcommittee on Energy and Power, chaired by Rep. Ed Whitfield (R-KY), has scheduled a hearing for March 25 to review H.R. 6, the Domestic Prosperity and Global Freedom Act.
In response to Russia’s recent aggression and DOE’s slow export approval process, Rep. Cory Gardner (R-CO) introduced H.R. 6 to expedite exports of U.S. liquefied natural gas (LNG) to U.S. allies.
The legislation would grant immediate approval of complete export applications currently filed with the Department of Energy and modify the process moving forward to ensure exports to U.S. allies are not subject to unnecessary delays.
The subcommittee will hear testimony from the former member of Congress and Chairman of the Appellate Body of the World Trade Organization James Bacchus, Hungarian Ambassador-at-Large for Energy Security Anita Orban, and NERA Economic Consulting Senior Vice President David Montgomery.
LNG Price at posting:
53.5¢ Sentiment: LT Buy Disclosure: Held
