Western Energy Alliance Urges DOE to Move Forward with LNG Exports
The more natural gas America exports, the more the country benefits
(DENVER)- Western Energy Alliance submitted comments to the Department of Energy (DOE) today, urging the agency to move forward with Liquefied Natural Gas (LNG) exports. The comments were submitted in response to a study performed by NERA Economic Consulting for DOE to inform its decision making regarding LNG export terminal licenses.
"NERA's study for the Department of Energy finds that in all scenarios, America benefits from LNG exports in terms of increased economic growth and job creation," said Kathleen Sgamma, Vice President of Government & Public Affairs. "The more natural gas America exports, the more America benefits. The government has studied the issue, and now is the time for the government to move forward with export licenses.
"Some manufacturing companies and their representatives have criticized LNG exports and exaggerated the potential price increases. These manufacturers are taking advantage of low natural gas prices, rebuilding plants, and increasing jobs in America. The natural gas industry takes pride in supporting these new manufacturing jobs in addition to those we have created directly in the energy industry. However, the potential price increases analyzed by NERA are very modest, and given the large disparity between U.S. and world natural gas prices, American manufacturing would still retain its competitive advantage.
"In the West, we have the spare capacity to increase natural gas production to match the increased demand from exports, which will continue to keep prices low. The government should not be in a position of advantaging one industry over another by suppressing exports, not to mention the serious implications of abdicating U.S. leadership in promoting free trade worldwide. "
About Western Energy Alliance
Western Energy Alliance, founded in 1974 as the Independent Petroleum Association of Mountain States, is a non-profit trade association representing more than 400 companies engaged in all aspects of environmentally responsible exploration and production of oil and natural gas in the West. More information on Western Energy Alliance and its members is available at www.westernenergyalliance.org.