Plentiful and inexpensive natural gas provides important economic contributions. Encouraging greater LNG exports expands these benefits and, as the efforts of Cheniere and Venture Global demonstrate, can help stabilize prices during periods of great market volatility. Consequently, the U.S. regulatory policy should focus on expanding global trade and reducing barriers to greater natural gas exports.
Thanks to plentiful natural gas, consumers have access to affordable and reliable electricity, an often preferred heating/cooking fuel, and an energy source that has helped reduce U.S. greenhouse gas emissions. Greater use of natural gas is also consistent with the strong preference of “American voters across demographics and partisanship” for “an ‘all of the above’ approach to energy policy” that includes natural gas.
Given these benefits, the continued efforts by federal regulators to obstruct greater natural gas exploration, production, and export is disconcerting. The impact on natural gas exports (which are exported as liquefied natural gas or LNG) is particularly noteworthy given the large benefits to consumers globally.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
The High Costs Of Obstructing LNG Exports
Wayne H Winegarden
Plentiful and inexpensive natural gas provides important economic contributions. Encouraging greater LNG exports expands these benefits and, as the efforts of Cheniere and Venture Global demonstrate, can help stabilize prices during periods of great market volatility. Consequently, the U.S. regulatory policy should focus on expanding global trade and reducing barriers to greater natural gas exports.
Thanks to plentiful natural gas, consumers have access to affordable and reliable electricity, an often preferred heating/cooking fuel, and an energy source that has helped reduce U.S. greenhouse gas emissions. Greater use of natural gas is also consistent with the strong preference of “American voters across demographics and partisanship” for “an ‘all of the above’ approach to energy policy” that includes natural gas.
Given these benefits, the continued efforts by federal regulators to obstruct greater natural gas exploration, production, and export is disconcerting. The impact on natural gas exports (which are exported as liquefied natural gas or LNG) is particularly noteworthy given the large benefits to consumers globally.
Read the entire Forbes article here.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.