Rice study questions volume of future US gas exports

The long-term volume of natural gas exports, if allowed by the US government, likely will not be very large given expected market developments abroad, according to a researcher from Rice University’s Baker Institute for Public Policy. Kenneth Medlock, a Baker Institute fellow and Rice adjunct economics professor, wrote a paper entitled “US LNG Exports: Truth and Consequence” that suggests LNG exports might not boost US gas prices as much as some other observers and studies already have suggested. Cheniere Energy Partners LP announced on Aug. 9 that it was authorized to start construction of a $5.6 billion LNG export terminal in Sabine Pass, La. The plant will be built on the site of Cheni...

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