Financial Times: Gas users call for limits on LNG exports

Large US natural gas users, including Dow Chemical, Alcoa, the aluminium company, and Nucor, the steelmaker, have formed an alliance to campaign for limits on the country’s exports of liquefied natural gas.

The group, called America’s Energy Advantage, says it plans to “educate policy makers on the potential risks to the US economy of unfettered natural gas exports”.

Its members fear that US gas prices, which have plunged over the past five years as a result of the shale revolution, could be driven higher by demand from foreign buyers.

LNG cargoes in Asia are selling for about four times the US benchmark gas price of about $3.20 a million British thermal units.  MORE