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 Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Denmark Issues New Pilotage Regulations

In an effort to make the pilotage market more efficient, the Danish Maritime Authority (DMA) issued several new regulations following on amendments to the pilotage act.

US Shippers, West Coast Dockworkers Union Resume Contract Talks

Negotiators for shipping lines and terminal operators at 29 U.S. West Coast ports resumed contract talks with the union for dockworkers on Thursday, as cargo backups continued at the ports,

Report: Dire Conditions in Indian Shipbreaking Yards

Report by Indian research institute reveals poor enforcement of occupational health and safety provisions   The working and living conditions at the shipbreaking yards of Alang,

Finance

DSG Marine Asks Shipowners to Consider Fixed Premium P&I Cover

P&I Insurance Seminar for Owners and Charterers held in Mumbai DGS Marine, a global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I Facility,

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

EGAS Tenders for as many as 48 LNG Cargoes

Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said. A senior

LNG

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

EGAS Tenders for as many as 48 LNG Cargoes

Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said. A senior

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Port Authority Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1797 sec (6 req/sec)