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Unlocking our Domestic LNG Potential Act of 2023

Source: Congress.gov  ·  875 words in original text
This bill removes restrictions on selling natural gas to other countries and buying natural gas from other countries. It changes which federal agency decides whether these natural gas import and export projects can happen. ##
The Federal Energy Regulatory Commission (FERC), which is the federal agency that approves major energy projects. Companies that want to build or operate natural gas export or import facilities, including liquefied natural gas (LNG) terminals. Foreign countries that buy or sell natural gas to the United States. ##
- The Federal Energy Regulatory Commission gets sole authority to approve or deny applications for building or operating facilities that export or import natural gas, including LNG terminals (facilities that cool natural gas into liquid form for easier transport). (Sec. 2) - When the Federal Energy Regulatory Commission reviews applications, it must decide that exporting or importing natural gas is in the public interest. (Sec. 2) - The President keeps the power to block natural gas imports or exports for national security reasons or if a country is designated as a state sponsor of terrorism (a country the Secretary of State determines has repeatedly helped international terrorist groups). (Sec. 2) ##
The Federal Energy Regulatory Commission becomes the single decision-maker for approving natural gas export and import facilities. The law assumes that natural gas trade with other countries serves the public interest unless other existing laws say otherwise. ##
The bill defines "state sponsor of terrorism" as a country whose government the Secretary of State determines has repeatedly provided support for international terrorism under specific laws listed in the bill. ##
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.