AFPM ’13: US LNG exports would hurt manufacturing - gas official

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.

 


By: Stephen Burns
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index