Chairman Salmon on the hearing: “The enormous growth and opportunity of the Asia Pacific region is directly reflected in its growing hunger for energy; Asia Pacific nations are predicted to consume more than half of the world’s energy by 2035. While demand in the region continues to be led by coal, the market is changing. The world’s strongest growth in natural gas consumption is happening in Asia, and the United States is projected to become the world’s third largest supplier of liquefied natural gas (LNG) within the next five years.  Buyers in the Asia Pacific have already contracted to purchase more than half of the U.S. supply of LNG, and their influence over global energy policy will only continue to mount. In this hearing, the Subcommittee will examine the changing market and the economic and security effects it causes, and will discuss opportunities to advance U.S. energy policy in Asia.”

Opening Statements

Witnesses

Mr. Mikkal E. Herberg
Senior Advisor
Director
Energy Security Program
The National Bureau of Asian Research
[full text of statement]
[truth in testimony form]

David W. Kreutzer, Ph.D.
Senior Research Fellow for Energy Economics and Climate Change
Center for Data Analysis
Institute for Economic Freedom and Opportunity
The Heritage Foundation
[full text of statement]
[truth in testimony form]

Mr. Jake Schmidt
Director
International Program
Natural Resources Defense Council
[full text of statement]
[truth in testimony form]

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Hearing transcript (PDF)