Liquefied Natural Gas Exports: An Opportunity for America
AbstractProhibitions or restrictions on US exports of liquefied natural gas (LNG) are a bad idea. LNG exports will deliver economic benefits to the US economy. The US Department of Energy should approve pending LNG export applications for projects at an advanced planning stage, in conjunction with appropriate regulation to limit environmental dangers from wells to ports. Three strong considerations support this recommendation: (1) The United States regularly opposes export restraints on natural resources by other countries; (2) contrary action by the United States would violate World Trade Organization rules and lead foreign nations to ignore the rules as well; and (3) LNG export restrictions would contradict the Obama administration’s stated goal of growing US exports.
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Bibliographic InfoPaper provided by Peterson Institute for International Economics in its series Policy Briefs with number PB13-6.
Date of creation: Feb 2013
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-23 (All new papers)
- NEP-ENE-2013-03-23 (Energy Economics)
- NEP-ENV-2013-03-23 (Environmental Economics)
- NEP-INT-2013-03-23 (International Trade)
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- Aaditya Mattoo & Arvind Subramanian, 2013. "Four Changes to Trade Rules to Facilitate Climate Change Action," Policy Briefs PB13-10, Peterson Institute for International Economics.
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