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The Senate of the USA passes energy bill to speed the permitting process for LNG exports

The USA:  U.S. Senate passed the first major energy bill in nine years on Wednesday, 20th April 2016 to speed the permitting process for liquefied natural gas exports and modernize the power grids. A major provision in the bill will speed decision-making on LNG exports by requiring the Department of Energy to approve or deny applications to export LNG to non-free trade agreement countries within 45 days of environment assessment.

TechSci Research depicts that discovery of new gas field along with shale boom; the U.S. energy landscape has changed dramatically. Improved drilling techniques, including hydraulic fracturing, have pushed the United States toward become the world's top producer of oil and natural gas. The passage of the bill has removed the uncertainty about the regulatory process and will increase the USA exports of LNG to Asia Pacific and Europe region. In Asia Pacific, India and China are aggressively expanding their LNG terminal capacity to cater incremental demand of natural gas.

According to TechSci Research report, “India LNG Market Forecast & Opportunities, 2025”, the total opportunity for RLNG in India is projected to increase from an estimated 52.34 mmscmd in 2016 to 305.10 mmscmd by 2025, registering a CAGR of more than 21% during 2016 – 2025. Upcoming LNG terminal projects, surging demand for natural gas in India and cost-effectiveness of LNG as compared to other alternative fuels are the major factors anticipated to positively influence the country’s LNG market scenario over the next ten years. 

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