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1 1 (August 2, 2019)

handle is hein.congrec/smsclng0001 and id is 1 raw text is: 1 Congressional Budget Office ' 'Cost Estimate August 2, 2019 By Fiscal Year, Millions of Dollars 2019 2019-2024 2019-2029 Direct Spending (Outlays) Revenues Increase or Decrease (-) in the Deficit 0 0 0 * * 0 * 0 * Under current regulations, the Department of Energy (DOE) issues expedited approvals for applications to export no more than 51.75 billion cubic feet of natural gas in a year to any nonsanctioned country with which the United States does not have a free trade agreement (FTA), provided that the exports do not come from facilities that require review under the National Environmental Policy Act (NEPA). S. 816 would codify existing regulations and would waive DOE's NEPA criterion for all applications to export small volumes of natural gas to non-FTA countries. CBO expects that implementing S. 816 would further expedite the approval of applications relative to current law. According to DOE, small-volume exports represent less than one percent of the total amount of approved natural gas exports to non-FTA countries to date. On that basis, and considering the number of such applications submitted in recent years, CBO estimates that any increase in the number of applications and the volume of gas exported would be small. Payments from mineral leasing on federal lands are recorded in the budget as offsetting receipts, or reductions in direct spending. Changes in the price of gas or in the production of gas on federal lands, or a combination of the two, could affect those payments. CBO expects that any additional demand for gas exports under the bill would be met by a commensurate increase in supply, resulting in no significant change in the price of gas. See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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