Friday, February 27, 2015

LNG exports

Six Democrats and six Republicans have introduced a bill in the senate to expand the US facilities to increase exports of natural gas. Because of fracking the US now has an oversupply of natural gas and can now export. This means more high paying jobs here while maintaining low prices. It means that Europe will not have to be so dependent on Russia and can stand up to Putin. It means replacing coal and oil with natural gas and that reduces air pollution and helps to solve the problem of climate change. The government has been reluctant to issue the necessary permits to allow construction of liquefying plants and equipment and this law will change that. Construction of one such plant is underway in Louisiana and expected to cost 4 billion dollars. Better late than never!

No comments:

Post a Comment