Florida Congressman Ted Yoho traveled to Puerto Rico to meet with Congresswoman Jennifer Gonzalez-Colon and take part in a summit discussing Liquified Natural Gas, which is a topic that Congressman Yoho has been vocal about supporting.
Congresswoman Gonzalez-Colon hosted the second American Summit concerning LNG in Puerto Rico, and Congressman Yoho hosted the first summit last year in Jacksonville, Florida.
At the end of last week, Yoho commented on the success of the summit, which saw elected leaders, diplomats and more than 80 groups of people discussing LNG infrastructure, regulations, gas imports and exports, and the role that LNG will contribute concerning the emergence and advancement of new technologies and national security.
Congressman Yoho explained that “at the end of 2018, demand for LNG has seen a sixty-percent increase from what it was in 2017.” So, he asserts that “we must capitalize on the growth of this energy sector.” The Congressman also explained that “America has an abundance of LNG and industry leaders to carry it around the world to new and emerging markets.” In addition, the summit brought “foreign delegations such as Turkey, Bangladesh, the Dominican Republic, the European Union, Canada, Taiwan, Japan and Spain.”
Last week, Yoho joined Florida Congressman Michael Waltz to introduce the Small Scale LNG Access Act, which is meant to “streamline permitting of natural gas facilities that export less than 51.1 billion cubic feet per year.” The Act was also introduced to make “American liquified natural gas accessible and cost-effective to regional allies that no longer want to rely on Venezuelan oil” as Congressman Waltz explained.
Yoho’s office provided additional information on the matter, saying that “the current permitting process for LNG export facilities is expensive, and small-scale projects often are not cost effective under current conditions.” Furthermore, “reducing the time and investment required for small-scale exports will benefit U.S. production, manufacturing, and construction jobs while also reducing trade deficits with the importing country.”