Right now, if a company wants to import or export natural gas to other countries, it needs approval from the Department of Energy (the federal agency that oversees the nation's energy policy), and separately from the Federal Energy Regulatory Commission, or FERC (the agency that approves the physical facilities, like export terminals, needed to ship the gas). This bill would cut the Department of Energy out of that process entirely, giving FERC sole authority to approve both the facilities and the actual export or import of the gas. It also tells FERC that it must treat these natural gas exports and imports as automatically in the public interest, meaning it can't reject an application on the grounds that shipping the gas overseas isn't good for the country — companies seeking to build LNG (liquefied natural gas) export terminals or trade gas internationally would face one review process instead of two, and that process would start from the assumption that the trade should be approved.