LNG in the News

DOE Study Finds Increased LNG Exports Would Drive Production, Prices Higher

Natural Gas Intelligence
By Jeremiah Shelor

The economic impacts of increased U.S. liquefied natural gas (LNG) exports would be “marginally positive,” according to a study released Monday by the U.S. Department of Energy (DOE). The report, commissioned by DOE and authored by researchers from Oxford Economics …

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DOE Study Finds Increased LNG Exports Would Drive Production, Prices Higher

Natural Gas Intelligence
By Jeremiah Shelor

The economic impacts of increased U.S. liquefied natural gas (LNG) exports would be “marginally positive,” according to a study released Monday by the U.S. Department of Energy (DOE). The report, commissioned by DOE and authored by researchers from Oxford Economics …

Read more

EDITORIAL BOARDS


“Debate has raged over whether the United States can fight Vladimir Putin on the Russian president’s most favorable ground: energy politics. It can, and it should, particularly because there’s an obvious path forward that coincides with the United States’ — indeed, the world’s — economic interests. That path is lifting irrational restrictions on exports and making it easier to build natural gas export terminals.”

  • Washington Post editorial board (3/22/14)

“The growth of LNG—which can ship internationally—has created a more global natural gas market. That market is forward-looking, and any clear signal that the U.S. intends to boost its exports will contribute to expectations about lower future prices. Even if some U.S. gas flows to Asia, the global supply will increase…This is especially important to the many European nations that are currently dependent on Russia for 70% to 100% of their gas. Jaroslav Zajicek, deputy chief of mission for the Czech Republic, told a House hearing last year that his country has found that even the decline in U.S. gas imports in recent years has freed up more gas for Europe, lowered prices, and thus “weakened” the “Russian negotiating position during contract-renewal talks.”

  • Wall Street Journal editorial board (3/20/14)

“Second, the United States — now nearly energy independent — could export liquefied natural gas to both Europe and Asia. There are many good reasons for this. The USA has 100 years to 120 years of proven reserves and could significantly boost its economy with the billions of dollars a year that would pour in from a significant export program. The specter of Putin using natural gas spigots as a way to dominate Ukraine, while keeping other nations at bay, is all the more reason to get going.”

  • USA Today editorial board (3/20/14)

 “The U.S., with natural gas that is currently selling for a fraction of what it goes for in Europe and Asia, could also derive political power from this economic asset. And robust exports also could narrow the U.S. trade deficit. Abundant domestic natural gas reserves have the potential to revive the nation’s groggy economy if policy makers will open the doors to exports and let the market work.”

  • Denver Post editorial board (9/7/2013)

“It makes no economic sense to complain that foreign markets are closed to American goods and then assert that U.S. interests are served by hoarding U.S. gas. American prosperity is best served by letting business exploit as many opportunities as possible, for the U.S. market or for export.”

  • Wall Street Journal editorial board (12/10/12)

 “If the United States begins exporting natural gas, it would only encourage positive long-term structural changes in this international trade — away from Kremlin domination and toward a larger and more nimble world market. European countries would not be the only ones to feel this effect. Gazprom intends to enter the gas-hungry Asian market, and it might find that it has less leverage over its potential customers than it had expected to wield. If the economic case for allowing U.S. natural-gas exports, which we have made in other editorials, doesn’t persuade those fighting to limit them, the possible geopolitical benefits should.”

  • Washington Post editorial board (9/25/12)

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