by Diana Furchtgott-Roth
June 25, 2014
Russia’s state-owned energy company has cut off natural gas supplies to Ukraine, but the United States has a weapon with which to counter: liquid natural gas (LNG) exports. These exports would help our allies and hit Russia where it hurts – in the pocketbook. This would make Putin think twice about his next move in Ukraine or about invading another sovereign nation. Turmoil in Iraq has made our LNG exports even more vital as individuals and businesses around the world look for ways to offset the increase in oil prices. Congress could immediately assist Ukraine and other countries by amending the Natural Gas Act to ensure that the Energy Department approves LNG export applications within a short period of time.