LNG News November 15, 2011

Where’s the Limit on LNG Exports?

I attended the U.S. Senate Energy and Resources Committee hearing in D.C to hear firsthand, as this article points out, what the push back could be on the export of LNG from the U.S. However, following the hearing I had the opportunity to explain that while the price of natural gas could rise (9 cents) in the Lower 48 as a result of exports, a large volume export project here in Alaska would result in the price of energy plummeting. Therefore, the answer is the majority of the export of LNG from the U.S. should come from Alaska where it significantly decreases the cost of energy (80% reduction in the Fairbanks area and up to 65% reduction in Bethel).

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