On the recordJune 25, 2014
I know that the Ambassador from Hungary and other countries that are looking at the possible aggression of the Russians are concerned about not having to rely on Russia alone for their natural gas supplies, and they are desperate. And we need to help them as best we can. But let's not fool anybody. Even if this bill were passed, it will probably not allow for us to get LNG to some of those countries until 2017, 2018. And if we allow the export of LNG, exporters here in the United States are going to send it primarily to those who will pay the highest prices. And they are not in Europe. They are in Asia. {time} 1330 I wouldn't want the people to be under any illusions that this will help them immediately. I think the statement by that Ambassador shows more desperation than anything else and hope that we send a signal that we are going to do the best we can to get LNG to them as soon as possible, maybe they can withstand a possible Russian action. On the other hand, the Ambassador from Hungary knows that Hungary is part of NATO, and if Hungary is attacked by the Russians, we have an obligation to help them under our NATO agreement, so I think that is their base security, not this legislation. They have high hopes, especially when they hear that this is a bill that will bring about domestic prosperity to the United States.…





