Five Applications Filed with DOE to Export Natural Gas

An issue that will be debated in coming months (and years) is whether or not to export some of the natural gas that America has in abundance now that the miracle of hydraulic fracturing has released it from shale formations. Some say it will help the U.S. achieve a better trade balance with other countries once again. Others say exporting will keep prices for natural gas higher than they otherwise would be for consumers.

The Department of Energy (DOE) has so far received five applications from companies that want to create terminals to export liquefied natural gas (LNG) to overseas markets—one of them has been approved. Just six years ago the natural gas industry was doing all it could to import LNG from foreign countries.

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