12 March 2013 15:10 [Source: ICIS news]
HOUSTON (ICIS)--A coalition of industrial manufacturers, led by US-based major Dow Chemical, is calling on the US Department of Energy (DOE) to consider a separately-funded LNG study to consider pending export project applications, the group said on Tuesday.
America’s Energy Advantage (AEA), which is comprised of major petrochemical producers including Huntsman, Celanese, Eastman and Alcoa, issued a statement calling on the US energy agency to take up the study as part of its considerations.
Dow Chemical funded the study by the consultancy firm Charles River Associates. The report countered a third-party study commissioned by the US DOE that was released in January.
According to the Charles River Associates report, the US economy could see higher benefits if natural gas is used in manufacturing rather than LNG, warned of higher domestic natural gas prices and cited several flaws within the US DOE-commissioned study.
The comment period to submit responses to the study concluded on 25 February. Letters submitted by Dow Chemical, Alcoa Energy and Huntsman were among the published comments.
“The US government must ensure that we can meet the present and rapidly growing future demand for natural gas in our country before we launch blindly into massive exports of LNG,” said Huntsman CEO Peter Huntsman in a 12 March statement.
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