Senate Committee To Study Effect Of LNG Exports On U.S. Prices

December 2011, Vol. 238 No. 12

While producers are aggressively pursuing projects to sell large quantities of LNG to Asia, that prospect is raising alarm among consumer groups who fear that rising exports could drive up domestic prices.

The U.S. Senate Energy committee is holding hearings to consider the benefits and risks of expanding the country's ability to export natural gas, amid growing efforts by companies to supply Asian markets where prices are several times higher than in North America. Department of Energy approval is required for any export of U.S. natural gas.