Friday, December 7, 2012

DOE Releases Natural Gas Exports Study

The U.S. Department of Energy has released a long awaited commissioned report that assesses the economic impact of allowing the U.S. to export natural gas. The report concludes that while gas exports could moderately increase electricity prices and lead to lower wages, the economic advantages would outweigh these potential downsides.

Federal law generally requires approval of natural gas exports to countries that have a free trade agreement with the United States. For countries that do not have a free trade agreement with the U.S., the Department of Energy is required to grant applications for export authorizations unless the Department finds that the proposed exports "will not be consistent with the public interest." Factors for consideration include economic, energy security, and environmental impacts. Read more

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