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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