NEW YORK The United
States vast supply of natural gas makes exporting
liquefied natural gas (LNG) a "clear choice," according to
Americas Natural Gas Alliance (ANGA).
"With this game-changing
opportunity, selling natural gas into the global market will
improve the U.S. trade balance, deliver jobs here at home and
help the President achieve his goal of doubling all exports,"
ANGA president and chief executive officer Marty Durbin
testified May 21 before the Senate Energy and Natural Resources
He said that his association,
which represents 26 large natural gas producers, welcomed the
U.S. Energy Departments recent decision to allow
Houston-based Freeport LNG Development LP to export LNG to
non-FTA (free-trade association) countries.
The agency determined "that
(LNG) exports from (Freeports) terminal at a rate of up
to 1.4 billion cubic feet of natural gas per day for a period
of 20 years was not inconsistent with the public interest." It
was the second such license granted since 2011.
The agency reiterated that it
would continue considering each additional application for
export to non-FTA countries on a case-by-case basis, a fact
applauded by Americas Energy Advantage, a group that has
encouraged government to move cautiously in permitting natural
"This responsible process will
decrease the chances of price shocks in energy markets and
allow energy producers to export LNG and manufacturers and
homeowners to enjoy access to competitively priced supplies of
natural gas," said the group, whose members include
Pittsburgh-based Alcoa Inc.
ANGA expects LNG exports to have
little effect on domestic natural gas prices. "The Bipartisan
Policy Center issued a report concluding that the United States
has ample supplies to meet foreseeable electricity and
industrial demand growth, and allow for exports without any
significant impact on domestic prices," Durbin said.