ASP CEO BGen Stephen Cheney and Senior Fellow for Energy and Climate Andrew Holland recently published an article in The Wall Street Journal discussing the importance of the bipartisan Energy Policy Modernization Act and its role to improve how the U.S. approves permits for the export of liquefied natural gas (LNG). The article states that the bill, currently being considered in the U.S. Senate would, among other things,“certify the central role of liquefied natural gas in American foreign policy and help countless European countries escape Russia’s energy dominance.”
About half of Europe’s imported gas comes from Russia, and even as the European Commission attempts to reduce its dependence on Russia, President Vladimir Putin has pressed European countries to increase dependency along pathways under the Baltic. BGen Cheney and Mr. Holland suggest that, “the result is poisoned politics across Eastern Europe, as too many politicians are thus forced to bend to Mr. Putin’s political demands for fear of losing their gas supplies.”
U.S. exports of LNG could provide Europe with an alternative that would undercut Russian energy dominance, their use of energy as a political weapon, and allow natural gas to become a global marketplace with clear and transparent prices around the world.
A link to the article can be found here.