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Liquefied Natural Gas Exports: An Opportunity for America

Author

Listed:
  • Gary Clyde Hufbauer

    (Peterson Institute for International Economics)

  • Allie E. Bagnall

    (Peterson Institute for International Economics)

  • Julia Muir

    (Peterson Institute for International Economics)

Abstract

Prohibitions 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.

Suggested Citation

  • Gary Clyde Hufbauer & Allie E. Bagnall & Julia Muir, 2013. "Liquefied Natural Gas Exports: An Opportunity for America," Policy Briefs PB13-6, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb13-6
    as

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    File URL: https://www.piie.com/publications/policy-briefs/liquefied-natural-gas-exports-opportunity-america
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    References listed on IDEAS

    as
    1. Rahman, S.M. Osman & Devadoss, Stephen, 2002. "Economics of the US - Canada Softwood Lumber Dispute: A Historical Perspective," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 3(01), pages 1-17.
    2. Jeonghoi Kim, 2010. "Recent Trends in Export Restrictions," OECD Trade Policy Papers 101, OECD Publishing.
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    Cited by:

    1. Cathleen Cimino & Gary Clyde Hufbauer, 2014. "US Policies toward Liquefied Natural Gas and Oil Exports: An Update," Policy Briefs PB14-19, Peterson Institute for International Economics.
    2. Aaditya Mattoo & Arvind Subramanian, 2013. "Four Changes to Trade Rules to Facilitate Climate Change Action," Policy Papers 21, Center for Global Development.
    3. Caroline Freund, 2014. "Rethinking the National Export Initiative," Policy Briefs PB14-7, Peterson Institute for International Economics.

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