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APGA questions LNG export

LNG Industry,


Representative Edward Markey sent a letter on January 4th to US Secretary of Energy, Dr. Steven Chu, questioning the wisdom of the large scale export of LNG and expressing concern about the possible impacts of exporting LNG.

Rep. Markey’s letter expressed almost identical concerns about the export of LNG as those posited by APGA. Most prominently, Rep. Markey stated his concerns about export of LNG could result in US consumers paying higher prices for natural gas, harm the competitiveness of US businesses and could harm the US’ best chance to utilise natural gas for domestic applications such as electricity generation and natural gas vehicles.

Moreover, Rep. Markey also thoughtfully stated that, ‘I want to make sure we carefully consider our long term economic and security interests before deciding to export our natural gas. If exporting means accelerated development, then we will more rapidly deplete natural gas resources which could help sustain future generations of Americans leading to higher prices as resources diminish.’

Rep. Markey’s letter concludes with 11 questions for the Department of Energy (DOE) with respect to LNG export in order to guide the House Natural Resources Committee as it considers the issue. One of his questions cited APGA’s opposition to the Sabine Pass export application as a means of questioning whether the process for export applications and their purported benefits are independently verified by DOE or by third parties, if the process for those challenging the applications requires them to provide their own technical and economic analysis, among several other important procedural questions.

Read the article online at: https://www.lngindustry.com/lng-shipping/09012012/apga_questions_lng_export/


 

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