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A coalition of manufacturers and other industrial users of natural gas is asking the Obama administration for more time to review its latest plan for vetting proposals to sell the fossil fuel overseas.
Surging oil and gas production is creating jobs that extend well beyond the oil patch to manufacturing shops and chemical plants across the country, executives and industry advocates told a congressional panel on Tuesday.
Sempra Energy nabbed a critical license to broadly export natural gas from its Hackberry, La. facility on Tuesday, marking the sixth such approval handed down by the Obama administration.
Dow Chemical and other big industrial users of natural gas are imploring the Obama administration to stop approving licenses to broadly export the fossil fuel.
Exporting natural gas will help keep the U.S. harvesting it, according to groups advocating more foreign sales of the fossil fuels.
Exports of U.S. liquefied natural gas could drive the country into “a danger zone” in which higher natural gas prices for consumers and manufacturers drag down economic growth, a trade association said in a recent letter to Secretary of Energy Ernest Moniz.
With the Obama administration on Wednesday approving a fourth company’s plans to sell natural gas overseas, some lawmakers and manufacturers said it’s time for the federal government to reassess the economic risks of those export approvals.
The Obama administration licensed a third company to broadly sell U.S. natural gas overseas on Wednesday, renewing fears that widespread exports of America’s bounty could spike domestic prices for the fossil fuel.
The Obama administration on Friday gave Freeport LNG approval to broadly export domestically harvested natural gas, marking only the second time a U.S. company has won such a license. The export license ensures that the Texas-based project will be able to liquefy natural gas produced by BP to Japan, Taiwan and other countries that do not have free-trade agreements with the United States.