Naperville, IL -- (SBWIRE) -- 07/11/2012 -- Commercial production of shale gas in the US has opened the doors for exports of natural gas from the country. The US, which planned to import Liquefied Natural Gas (LNG) as recently as five years ago, has acquired the capability to export LNG due to the shale gas boom. Consequently, several US companies have planned either new LNG export terminals or convert their existing LNG import terminals into export terminals. However, the prospect of LNG exports has ignited a fierce debate in the US. Domestic consumers, manufacturers and environmental groups – even some lawmakers – have voiced opposition to exports, fearing an increase in domestic natural gas prices, the loss of cheap natural gas-fueled manufacturing opportunities, an increase in environmental pollution, and a compromise in the country’s long-term energy security. However, this domestic backlash against exports is unlikely to deter the US LNG liquefaction projects, as the exports will bring more wealth and jobs to the US economy, and drive investment in the US natural gas Exploration and Production (E&P) sector.
- The report highlights domestic backlash against LNG exports in the US.
- The report discusses about impact of LNG exports on the natural gas prices in the US.
- The report highlights benefits of LNG exports to the US.
Reasons to buy
- To gain knowledge of groups opposed against LNG exports from the US.
- To understand advantages and disadvantages of LNG exports from the US.
- To understand the benefits of LNG exports to the US economy and the country's natural gas exploration and production industry.
LNG, shale gas, export, Sabine Pass Terminal, Liquefaction
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