This bill amends the Natural Gas Act to set strict deadlines for the federal government to approve or reject applications for natural gas exports and imports. The Secretary of Energy would have 180 days to make a decision on standard applications, while smaller expansion projects would get a faster 90-day review period. If the Secretary misses the deadline, the Federal Energy Regulatory Commission automatically takes over and can approve the application unless it determines the project would harm the public interest. The bill also requires the Secretary to submit an annual report to Congress detailing all decisions and listing how many applications were processed on time. This legislation would primarily affect natural gas companies seeking to export liquefied natural gas or import gas from foreign suppliers, as well as companies wanting to expand existing liquefied natural gas terminals.
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