LNG insurance bill seen hiking cost, cutting supply

Journal Article · Mon Mar 20 04:00:00 EST 1978 · Energy User News; (United States)

OSTI ID:5127351

O'Brien, P

Opponents to a House bill requiring importers of liquefied natural gas (LNG) to guarantee up to $100 million liability for an accident claim it will raise costs and restrict supplies to users if enacted. Sponsored by the House subcommittee on commerce energy and power, the bill's chances are unknown. It is designed to coordinate licensing procedures, but its safety rules and stricter criteria for need and financial liability may jeopardize some LNG projects. New installations would be limited, possibly to a total of six, and would be sited in remote areas. The DOE is also considering whether to impose incremental pricing regulations or rolled in price increases for LNG.

• OSTI ID: 5127351
• Journal Information: Energy User News; (United States), Journal Name: Energy User News; (United States) Vol. 3:12; ISSN EUSND
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
031000 -- Natural Gas-- Legislation & Regulations
035000 -- Natural Gas-- Storage-- (1989-)
29 ENERGY PLANNING, POLICY, AND ECONOMY
294003* -- Energy Planning & Policy-- Natural Gas
CIVIL LIABILITY
CONSTRUCTION PERMITS
ECONOMICS
ENERGY SOURCES
ENERGY SUPPLIES
ENVIRONMENTAL POLICY
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
INDUSTRY
INSURANCE
LEGISLATION
LIABILITIES
LICENSES
LICENSING
LIQUEFIED NATURAL GAS
LNG INDUSTRY
LNG PLANTS
NATURAL GAS
NATURAL GAS INDUSTRY
OPERATING LICENSES
REGULATIONS
SAFETY STANDARDS
SITE SELECTION
STANDARDS
SUPPLY AND DEMAND
TERMINAL FACILITIES