Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, let's refocus this debate on what we are here to discuss, and that is LNG exports, making sure that we are exporting clean liquefied natural gas to our allies abroad. Let's talk about LNG export stats. In 2021, Russian gas accounted for more than 40 percent of the European Union's gas supply. Today, roughly 10 percent of the EU's natural gas supply still comes from Russia, a share that could be lowered further with U.S. LNG. In 2022, the U.S. surged more than 800 LNG cargoes to Europe, a 141 percent increase from 2021. In December 2023, more than 87 percent of the U.S. LNG exports went to the European Union, the United Kingdom, or Asian markets. U.S. LNG has helped reduce natural gas prices in Europe by over 83 percent from 2022 levels, following Russia's invasion of Ukraine. American LNG has 41 percent lower lifecycle emissions than compressed natural gas from Russia. The Department of Energy estimates that LNG exports could add between $50 billion to $73 billion--that is ``billion''--to the U.S. economy by 2040 and create between 200,000 and 500,000 jobs as well as increase downstream industries like manufacturing. The top five importers of U.S. LNG are South Korea, Japan, France, the United Kingdom, and Spain. By standing against LNG exports, you are reversing all this good that is coming from it. You are making our allies more dependent on Russia.…”