ExxonMobil Supports LNG Free Trade

Press Release
Sunday, January 27, 2013
LNG Carrier: Photo credit ExxonMobil

Major oil company ExxonMobil supports export of US Liquefied Natural Gas (LNG) which it considers will benefit the whole economy.

Technology developed by the oil and gas industry has opened up vast energy resources across the country, which has resulted in a tremendous increase in U.S. oil and natural gas production and reserves. This increase in production has created jobs, strengthened businesses and investment, and revitalized cities and regions across America, a trend which will likely continue to grow in coming years.

It has also turned traditional thinking about America’s energy and economic policies on its head. In just a short period of time, our energy public policy debates have transitioned from multi-decade discussions of scarcity and limits to growth, to discussions of American energy abundance and the enormous benefits that it can offer.

A recent showed that under all trading scenarios, the economic benefits to the country from liquefied natural gas (LNG) exports are significant and clearly outweigh any potential increases in domestic natural gas prices. The study’s findings are also consistent with other independent studies such as the Brookings Institution 1 that project positive net economic effects from LNG exports.

If more markets are opened to the sale of domestically produced natural gas, then there will be more demand, more investment, and more production.

ExxonMobil believes that a small group of companies is calling on the federal government to restrict the free trade of America’s abundant energy supplies for its own self-interest, but they (ExxonMobil) supports free trade of all products.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

USCG Sets 2nd Round of Hearings for El Faro

The U.S. Coast Guard will conduct a second round of public hearings May 16-27 for the Marine Board of Investigation into the loss of the U.S.-flagged cargo ship El Caro, and its 33 crewmembers.

French PM: Aussie Subs to be built in Australia

French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the

DNS Appoints Esson, Chief Executive

Decom North Sea (DNS), the representative body for the offshore decommissioning industry, which promotes and facilitates collaboration and cost reduction, today appointed a new chief executive.

Finance

Partners Tap Standardization to Trim Newbuild Costs

Unfamiliar specifications and processes often result in rework, delays and misunderstandings, and are adding thousands of engineering hours to the design and construction

French PM: Aussie Subs to be built in Australia

French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the

Asia-N.Europe Box Rates Jump 170 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 170 percent to $732 per 20-foot container (TEU) in the week ended on Friday,

LNG

MOL's LNG Carrier KUMUL Delivered

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced the delivery of the LNG carrier KUMUL at Hudong-Zhonghua Shipbuilding (Group) Co.

China Equipments to Yamal LNG

The first shipment of a ‘core kit’ for Russia’s Yamal LNG project has set sail for northern Russia from the Chinese port of Qingdao.   China's first batch of

Pressure Steady on LNG Shipping Rates -Drewry

LNG shipowners will have to wait until 2018 for earnings to improve, when the majority of new US plants are expected to come online, according to the latest edition

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0850 sec (12 req/sec)