Unlocking our Domestic LNG Potential Act of 2024

HR 7176, the "Unlocking our Domestic LNG Potential Act of 2024," streamlines approval processes for U.S. liquefied natural gas (LNG) export terminals. It grants the Federal Energy Regulatory Commission (FERC) exclusive authority to approve or deny LNG export facility projects, requiring FERC to deem such exports "consistent with the public interest" unless specific legal exceptions apply. The bill explicitly preserves the President’s authority to block LNG exports under sanctions laws targeting countries designated as state sponsors of terrorism. This directly affects LNG companies seeking export permits and FERC’s regulatory role, without altering existing environmental or safety regulations.