New Delhi: Shale gas exports to India from the US could pick up momentum in coming days, according to US India Political Action Committee (USINPAC). This follows the introduction of legislation HR 6, the Domestic Prosperity and Global Freedom Act in US Congress to expedite export of natural gas to American allies like India and Japan.
“We welcome introduction of the legislation H.R. 6, to remove archaic bottlenecks on American exports. Having pursued this matter on Capitol Hill since over a year, we shall continue to stay engaged with lawmakers such as Congressman Ted Poe to ensure that our efforts meet the desired result of heralding a new era in US-India LNG trade without restrictions,” said Sanjay Puri, Chairman of the US India Political Action Committee (USINPAC).
The US Secretary of Energy, Ernest Moniz was in India this week to take part in the US-India Energy Dialogue. USINPAC said that over the past year, surplus production of LNG (liquefied natural gas) in the US has given impetus to the prospect of LNG exports to countries as India, Ukraine, and Japan. The surplus is due to rapid advances in the technology and extraction of shale gas and oil over the past few years. “However the process of exporting LNG is complicated by the fact that US law does not allow exports of LNG to countries with whom it does not have a FTA,” said USINPAC.
