Exporting LNG will not significantly boost U.S. gas prices, API chief economist says

11/14/2013 | FuelFix.com

Exporting U.S. natural gas will not significantly boost the domestic price of gas, said John Felmy, chief economist at the American Petroleum Institute. Felmy said that allowing gas exports would encourage energy companies to increase production to serve international buyers such as China and Japan. "I'm from the hills of Pennsylvania, near Williamsport, which is dead center of the Marcellus Shale development, and some folks tell me you see an enormous amount of gas that hasn't been hooked up yet," Felmy said, explaining that the U.S. still has plenty of untapped gas reserves that can be exported.

View Full Article in:

FuelFix.com

Published in Brief: