Study: Gas exports would drive up US prices
Friday, January 20, 2012
PORTLAND, Ore. (AP) -- A federal report that says exporting liquefied natural gas will drive up domestic energy prices is adding more fuel to the debate over building LNG terminals in Oregon.
The Oregonian reports (http://bit.ly/zGPOf0 ) that a U.S. Energy Information Administration report says natural gas exports could amount to nearly a fifth of daily U.S. demand. And that would drive up domestic energy prices significantly.
The report estimates that on average from 2015 to 2035, consumers would pay 3 percent to 9 percent more for gas, and 1 percent to 3 percent more for electricity.
Oregon has two LNG proposals, one in Coos Bay, and the other in Warrenton. They started out as import terminals, but with burgeoning supplies in the United States they are being turned into export outlets.
Information from: The Oregonian, http://www.oregonlive.com