USEA North American Natural Gas Trade Briefing Series - "Liquid Markets: Assessing the Case for U.S. Exports of LNG"
Driven by technological breakthroughs in unconventional gas production, major increases in U.S. natural gas reserves and production have led to supply growth significantly outpacing forecasts in recent years. As a result, natural gas producers have sought new and additional sources of demand for the newfound volumes. One proposed end-use is the exportation of U.S. natural gas in the form of liquefied natural gas (LNG). While the United States already exports modest quantities of natural gas, mostly via pipeline, current proposals, some of which have already received full or partial approval from the federal government, would increase substantially the volume of LNG exports. There is a growing debate between policymakers, industry, and energy analysts as to the merits of exporting greater quantities of U.S. natural gas. Some domestic natural gas consumers contend that exporting U.S. gas would result in an increase in domestic natural gas prices and therefore in higher prices for businesses and households. Proponents of natural gas exports argue that they would provide valuable foreign exchange and would be a source of economic growth and job creation. To address these questions, Charles K. Ebinger and Kevin Massy of the Brookings Institution’s Energy Security Initiative will present findings from their recently released study, “Liquid Markets: Assessing the Case for U.S. Exports of Liquefied Natural Gas.”