LNG Projects Get a Boost from the US Government
Article from: OGEL 1 (2006), in Liquefied Natural Gas (LNG)
The US government moved at the end of 2002 to help prospective importers of liquefied natural gas, or "LNG," by adopting a new regulatory policy that expressly authorizes development of closed-access, "proprietary" natural gas and LNG import terminals and allows the owners of such terminals to charge for services at market rates rather than rates that are tied to the cost of service. The government took two actions. First, the "Maritime Transportation Security Act of 2002" enacted by Congress in November provides a new statutory framework for federal regulation ...