26 March 2013 17:51 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--The US chemical industry and other manufacturers would be hurt if the shale gas revolution leads to the country becoming an exporter of liquefied natural gas (LNG), a gas industry official said on Tuesday.
The manufacturing sector is particularly sensitive to gas prices, Scott Morrison of the American Public Gas Association told the International Petrochemical Conference (IPC).
Allowing LNG exports would in effect be creating a transfer of wealth from manufacturing and other sectors of the economy to the LNG exporters, Morrison contended.
The fact that the emergence of shale gas is only a relatively new phenomenon also means it would be unwise for the country to jump into LNG exports, he said.
"We're only a few years into this revolution," Morrison noted in a panel discussion.
A number of US chemical companies are actively campaigning to erect political barriers to LNG exports, which require government approval.
Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.
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