20 November 2007 23:35 [Source: ICIS news]
The Baker Institute for Public Policy’s Energy Forum at
LNG imports accounted for only 3% of
US imports of LNG were virtually nil as recently as 1986.
Increasing dependence on foreign suppliers of LNG “has strong implications for security of natural gas supply”, Medlock said.
“In the short term, the net impacts on
Medlock said that even if US policymakers were soon to open restricted federal lands to energy development, it would not reduce
“But longer term, an opening of restricted areas to drilling and the contribution of expanded OCS [outer continental shelf] and Rockies [Rocky Mountains] natural gas production could be geopolitically important in combating the rise of a cartel in the international natural gas market, a so-called GasOPEC,” the study said.
The US Congress has maintained bans on drilling in 85% of resource-rich
Efforts by chemical producers and other gas-dependent
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