DOE Study Gives Thumbs-Up To Increased LNG Exports
Law360, New York (December 5, 2012, 7:30 PM EST) -- The U.S. Department of Energy on Wednesday released a long-awaited study recommending the wider export of liquefied natural gas, potentially paving the way for the regulatory approval of 15 pending LNG export facility applications.
According to the report, which was prepared for the DOE by consulting group National Economic Research Associates Inc. to examine the macroeconomic impact of allowing wider LNG exports, every one of the 13 hypothetical market scenarios NERA had explored in detail — from normal conditions to "stress cases" with high gas production costs in the U.S. and exceptionally large demand for U.S. LNG exports in world markets...
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