American Chemistry Council does not oppose US LNG exports – CEO

16 January 2013 21:09  [Source: ICIS news]

NEW YORK (ICIS)--The American Chemistry Council (ACC) does not oppose US exports of liquefied natural gas (LNG), the head of the association said on Wednesday.

“We respect the marketplace and rely on it to determine who the consumers of natural gas will be,” said ACC CEO Cal Dooley, who spoke at a meeting of the Societe de Chimie Industrielle in New York.

Exporting natural gas has been a hot topic of debate in the chemical sector, a business that relies on natural gas for around 85% of its feedstock requirements.

Dow Chemical CEO Andrew Liveris has been the most vocal in the chemical industry in opposing US LNG exports.

On 7 December, he criticised a US Department of Energy report that supported the export of LNG.

“Unfortunately, policy makers have been given a flawed report that overlooks vital dynamics, including a manufacturing renaissance that is already underway and much needed by this country,” Liveris said.

The ACC does oppose any policies that use tax funds to benefit one sector over another.

“That’s why we opposed the Pickens Plan, which would subsidise the use of natural gas as a transportation fuel to our disadvantage,” Dooley said.

One aspect of the Pickens Plan, developed by legendary oil investor T. Boone Pickens, supports the use of natural gas as a transportation fuel to replace imported oil.

Additional reporting by Tracy Dang in Houston


By: Joseph Chang
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