Experts: Politics, prohibitive costs may prevent U.S. from exporting LNG

11/19/2009 | Reuters

Major advances in drilling technology have led to a long-term surplus of natural gas in the U.S., and some in the industry are considering exporting the excess supply to Asian and European markets. However, such a proposal may not be feasible because companies are bound to meet commercial and political hurdles. Building a standard LNG facility may cost $5 billion and take five years, while the intense focus on U.S. energy independence may make politicians reluctant to support LNG exports, industry analysts said.

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