US debate on LNG exports centered at Energy Department

Steven Miles Thomas Eastment Baker Botts LLP Washington, DC Use of hydraulic fracturing to produce natural gas and oil from shale and other tight formations has transformed US energy markets. Vast new oil and gas reserves are now commercially accessible, placing North American energy independence within reach.1 This shift in US energy supply has driven down domestic gas prices, breathed life into a broad array of long-struggling US industries, and replaced the need for LNG imports with a growing potential for substantial LNG exports. The prospect of the US changing into a net exporter of natural gas has prompted an increasingly sharp debate over whether the US should send its newfound ...

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