Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, December 6, 2012

U.S. LNG Export Industry to be Worth $47 Billion a Year by 2020

U.S. LNG Export Industry to be Worth $47 Billion a Year by 2020

A recent study carried out by NERA Economic Consulting on behalf of the US Energy Department has found that the economic benefits of exporting its cheap and abundant natural gas in the form of LNG far outweigh the negative potential of an increase in prices for domestic consumers.Already more than a dozen LNG projects have been proposed by various energy companies across the US, all planning to export to Europe and Asia where gas commands a far higher price, however the White House has always been very reluctant to approve any of these projects…Read more...http://oilprice.com/Latest-Energy-News/World-News/U.S.-LNG-Export-Industry-to-be-Worth-47-Billion-a-Year-by-2020.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+oilpricecom+%28Oil+Price.com+Daily+News+Update%29

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