Sen. Murkowski Comments on Economic Impacts of LNG Exports
WASHINGTON, D.C. – U.S. Sen. Lisa Murkowski, R-Alaska, in a letter to Energy Secretary Steven Chu this week expressed strong support for increased exports of liquefied natural gas (LNG).
“Exporting LNG, particularly to allies that face emergency or chronic shortages, but with whom we do not have free trade agreements, is in the public interest – helping ensure that the United States moves toward improved trade balance and energy security,” Murkowski writes in the letter.
Murkowski’s letter (attached) comments on the Department of Energy’s LNG Export Study looking at the economic impact of exports.
“Across each and every scenario analyzed, the report finds that the export of LNG results in net economic benefits to our economy, and moreover, that benefits increase with the level of exports,” Murkowski writes. “This is important as we continue to climb out of recession and deal with the federal deficit.”
Murkowski, the ranking Republican on the Senate Energy and Natural Resources Committee, recently returned from a trip to Japan and Taiwan where she met with top government officials about opportunities to increase energy trade with the United States.
“I am not advocating for the immediate approval by the department of all the applications for LNG licenses that have been submitted. However, as the law requires, I do believe the department should move forward, process applications and grant export licenses for projects that are in the ‘public interest,’” Murkowski writes.