The majority of the hydrocarbon processing industry (HPI)
believes the US should not limit its LNG exports in order to
keep domestic prices low, according to a new poll of
Hydrocarbon Processing readers.
Instead, the global market should be able to gain access to
rapidly-growing gas supplies in the US, the readers say.
Nearly 60% of respondents (58%) were against the limits,
which executives at oil firms Shell and Total have said are likely to occur.
34% of readers who responded said they would be in support of
limits, citing energy security among several reasons. Another
9% said they were somewhat in favor of limits, as
long as they werent too restrictive.
If limits are put into place, it means that European natural gas prices would
likely remain much higher than those in the US for years to
come, with negative implications for the competitiveness of European industry.
On the other hand, low prices for natural gas could offer US
manufacturers a powerful competitive advantage, according to
several HPI executives.
Thats why many within the US petrochemical sector have spoken out
in support of limits, even with several rival energy companies
planning to build plants to convert some of the domestic gas
surplus into LNG that could be shipped internationally.
To see more details on this poll as well as access prior
Hydrocarbon Processing poll results,
(Editors note: Polls are where we at Hydrocarbon Processing gather industry
sentiment on significant issues of the day. Visit the HP home
page to weigh in on our latest poll
regarding the effects of the US presidential election on