Effect of increased natural gas exports on domestic energy markets
Effect of increased natural gas exports on domestic energy markets. As requested by the Office of Fossil Energy, US EIA, January 2012, 43 p.
This report responds to an August 2011 request from the Department of Energy’s Office of Fossil Energy (DOE/FE) for an analysis of “the impact of increased domestic natural gas demand, as exports.” Appendix A provides a copy of the DOE/FE request letter. Specifically, DOE/FE asked the U.S. Energy Information Administration (EIA) to assess how specified scenarios of increased natural gas exports could affect domestic energy markets, focusing on consumption, production, and prices... (press release 19 Jan. 2012)
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• Parsing A New Study On Natural Gas Exports / Michael Levi, Energy, Security, and Climate blog, 23/01/2012 http://blogs.cfr.org/levi/2012/01/23/parsing-a-new-study-on-natural-gas-exports
The EIA released a new study last week that attempts to quantify the market impacts of increased natural gas exports from the United States. It’s a useful and informative piece of work, but it also has some important limitations. I want to sort through a couple of those here. The headline from the report is straightforward and in some ways troubling: exports could raise U.S. natural gas prices by as much as 36% over what they would otherwise be. This figure, which has naturally grabbed attention, is for a scenario where exports are ramped up quickly, starting in 2014, to high levels...
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