Petchem companies oppose US LNG exports

Despite its pro-LNG export policy, the US government will have to finely balance the benefits of LNG exports with those of foreign investment and domestic job creation opportunities offered by the country’s petrochemical sector Despite its pro-LNG export policy, the US government will have to finely balance the benefits of LNG exports with those of foreign investment and domestic job creation opportunities offered by the country’s petrochemical sector.
By Abhishek Kumar 23 July 2013 0 24189
Despite its pro-LNG export policy, the US government will have to finely balance the benefits of LNG exports with those of foreign investment and domestic job creation opportunities offered by the country’s petrochemical sector. (Microsoft)

The United States Energy Secretary Ernest Moniz said last month the Department of Energy (DOE) would accelerate the evaluation of gas export applications. The recent push to accelerate the granting of approvals to proposed LNG export plants in the US is seen as a mixed blessing for the country, and has attracted the opposition of key lobby groups in the manufacturing sector. If exports are prioritised, domestic gas prices could conceivably rise to $5-7/MMBtu, providing more of an incentive for producers to ramp up production....

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