Fitch: US, Canada chemical firms lobby against gas exports

04/08/2013
An alliance of US and Canadian chemical companies oppose increased natural gas exports and are lobbying against export permitting. Fitch Ratings believes operating margins for these companies might see compression from current robust levels if significant gas exports materialize. "However, North America is likely to remain a cost-advantaged production center relative to most other regions, particularly Europe," said Fitch analysts, who noted that operating costs for chemical companies rise when gas prices increase. Eliminating or capping LNG exports could limit consumption and reduce long-term risk of rising gas prices. "Chemical companies see shale gas production and resul...
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