Gas Exports Won’t hurt US Edge, Expert Says
By Zain Shauk
The federal government probably will approve wider liquefied natural gas exports, and that won’t hurt plans for multibillion-dollar chemical plants along the Texas coast and elsewhere, a leading economist said Wednesday in Houston.
“There will be LNG exports,” said Nariman Behravesh, chief economist for research and information firm IHS. “It’s going to be very hard for Washington to prevent that.”
Speaking during the NAPE Business Conference, part of the NAPE Expo at the George R. Brown Convention Center, Behravesh said the differentials in price between natural gas in the U.S. and in Asia or Europe “are so huge that it’s almost irresistible.”
Behravesh was one of several speakers throughout a day of networking and discussion at the conference, formerly called the North American Prospect Expo.
Some speakers focused on battling negative public perceptions about the oil industry.
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