Exporting LNG could spike price in U.S.

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Friday, January 20, 2012

Exporting liquefied natural gas would raise prices for domestic consumers and businesses, a new study by the U.S. Energy Information Administration says.

 

The report is sure to add fuel to the controversy over proposals to build terminals to export liquefied natural gas from Oregon, British Columbia and the U.S. Gulf Coast. 
The proposals in Oregon -- in Coos Bay and Warrenton -- have been pending for up to seven years. They were initially launched as import projects, but have since been converted to export proposals as U.S. producers seek to export their massive new production of gas from domestic shale formations.

Read more at OregonLive.com.

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