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00:00We will acknowledge that energy policy is not just a vital element of US economic policy but it's also a vital element of U.S. foreign policy we've all seen energy used as a political tool to hold other countries hostage and that is an act of economic aggression that needs to be confronted. Our response cannot be lofty words but a set of clear deeds. And one of the most important actions we can take is to use our massive shale gas resources to begin shipping liquefied natural gas overseas. We can not allow energy to be used to cripple or harm the global economy I can tell you that the United States of America will use our energy resources to advance energy security and today I am excited to announce the Department has authorized the construction of the Golden Pass LNG facility near Sabine Pass in southeast Texas that facility will create some forty five thousand jobs during construction. It will position our nation as the dominant exporter of liquefied natural gas. It will be sold to non free trade agreement countries allowed under federal law. And this project advanced as this project advances I should say our economic interest will be pushing global production to some 60 percent . Who would have thought that a decade ago that I would be standing here making that statement that 60 percent of the capacity and LNG when this plan is completed will be coming from the United States. This will be sufficient capacity to meet our own needs and the needs of our allies. It advances our national security interests. It enhances our allies access to diverse sources of energy we will continue to expand efforts so that there may be additional LNG announcements coming in the future .

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Rick Perry Says Golden Pass LNG Plant Will Create Jobs

U.S. Energy Secretary Rick Perry discussed liquefied natural gas at the Bloomberg New Energy Finance conference in New York on Tuesday. (Source: Bloomberg)

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