06 May 2013 19:57 [Source: ICIS news]
HOUSTON (ICIS)--US President Barack Obama has indicated that the ?xml:namespace>
During a meeting with leaders of the consortium Central American Integration System (SICA), Obama noted the high costs of electricity in Central America compared with the
“[It’s] true that because of the extraordinary advances in technology that we've made in the United States, we are likely to be a net natural gas exporter as soon as 2020,” according to a transcript of the president’s remarks.
Obama stated that the decision to export liquefied natural gas (LNG) – if at all – was still yet to be made.
“I can assure that once I make that decision, then factoring in how we can use that to facilitate lower costs in the hemisphere and
The US Department of Energy (DOE) is expected to make a ruling on the pending LNG export applications filed by 19 companies proposing to sell LNG exports to nations outside of free-trade agreement (FTA) nations.
Only one US-based company, Cheniere Energy, has an export application to sell LNG to countries outside of non-FTA nations, which include major LNG importers such as
The DOE issued a two-part study on the effects, as well as held two public comment periods, which closed in the first quarter of 2013.
FTA applications for LNG exports, which are required by law to be granted without undue delay, have been approved in the interim.
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