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Liquified Natural Gas Exports a Hot Topic

Friday, January 18, 2013 by

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Mayors from four natural-gas producing states are urging U.S. Energy Secretary Steven Chu to expedite approval for liquified natural gas exports, according to Tulsa World.

The mayors, who represented cities from Oklahoma, Texas, Louisiana and Arkansas, four natural-gas producing states.

Read it:

“The mayoral coalition includes elected leaders from Oklahoma City; Fort Worth and Amarillo, Texas; Shreveport, La.; and Fort Smith, Ark. Their cities lie over productive gas fields such as the Barnett, Haynesville and Fayetteville shales, among others. U.S. natural gas production has grown from nearly 24.7 trillion cubic feet in 2007 to 28.5 trillion cubic feet only four years later.”

Exporting liquified natural gas is on the minds of many, right now. The American Petroleum Institute (API) said exporting the product would provide substantial economic stimulus.

However, not everybody is on the same page with LNG exports. Forbes recently released an article on the topic, “Blocking LNG Exports Helps a Few, Hurts Many.”

According to Forbes, several companies are fighting LNG exports for monetary reasons:

Dow Chemical,Eastman Chemical,Alcoa and others launched a new campaign, dubbed America’s EnergyAdvantage, to fight the export LNG in an attempt to artificially suppress domestic natural gas prices for their own benefit. “

 With world prices of liquid natural gas spiking due to decreased output in 2012, it’s plain to see there’s a market for American LNG, overseas.

What does exporting LNG mean for Ohio and Pennsylvania? It could possibly mean higher profits for shale-gas companies, which may result in higher royalty checks for landowners.

» Via: Tulsa WorldLNG exports pushed by mayors group

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