facebook
twitter
rss
account
search
search
 

U.S. trade group opposes LNG exports

Sept. 13, 2012 at 7:58 AM   |   Comments

CHICAGO, Sept. 13 (UPI) -- Any measure to encourage the export of liquefied natural gas from the United States would be a blow to energy security, an industry official said.

The Nikiski terminal on the Kenai Peninsula in Alaska is the only one in the country permitted to sell domestic natural gas to Japan. A similar permit for Chenier Energy Inc. was awarded by the U.S. Energy Department this year. The company has plans for an LNG terminal in Sabine Pass, La.

American Public Gas Association President Bert Kalisch said LNG exports would interfere with a push for more energy independence.

"We believe this is an energy security issue," he was quoted by the Platts news service as telling a Chicago gas forum. "America is now in a unique position to make a significant stride toward energy independence. Let's not fumble this opportunity away."

Advancements in technology used to extract natural gas from shale deposits have positioned the United States as a world leader in gas reserves.

Kalisch said information from the U.S. Energy Department suggests exports could cause LNG prices to double, which he said would discourage a move away from coal.

Environmental groups have opposed more LNG export terminals. They say exports could lead to more hydraulic fracturing, an extraction method viewed by some groups as harmful to the environment.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Destroyers with ballistic missile defense capability heading to Japan Destroyers with ballistic missile defense capability heading to Japan
2
Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal
3
Little girls drop F-bombs for feminism in new FCKH8 video Little girls drop F-bombs for feminism in new FCKH8 video
4
Maker of Camel cigarettes bans smoking in workplace Maker of Camel cigarettes bans smoking in workplace
5
Warren Buffett loses $2 billion in 2 days on investments Warren Buffett loses $2 billion in 2 days on investments
Trending News
Around the Web
x
Feedback