Invites Public Comment
As part of a broader effort to further inform decisions related to LNG exports, the Department of Energy commissioned NERA Economic Consulting to conduct a third party study in order to gain a better understanding of how U.S. LNG exports could affect the public interest, with an emphasis on the energy and manufacturing sectors. The Department is releasing that study and making it available for public review and comment. As this is not a Department of Energy product, the Department will be conducting its own review of the study as well as consideration of relevant comments made throughout the process prior to making final determinations.
- Federal Register Notice of Availability of the LNG Export Study [209KB PDF]
- EIA Analysis (Study - Part 1) [2.48MB PDF]
- NERA Economic Consulting Analysis (Study - Part 2) [4MB PDF]
- Summary of LNG Export Applications [117KB PDF]
- Order of Precedence for Processing Non-FTA Applications [15KB PDF]
- Initial Comments
- Reply Comments
From the report:
Natural gas price changes attributable to LNG exports remain in a relatively narrow range across the entire range of scenarios. Natural gas price increases at the time LNG exports could begin range from zero to $0.33 (2010$/Mcf). The largest price increases that would be observed after 5 more years of potentially growing exports could range from $0.22 to $1.11 (2010$/Mcf). The higher end of the range is reached only under conditions of ample U.S. supplies and low domestic natural gas prices, with smaller price increases when U.S. supplies are more costly and domestic prices higher.
(See also: Baker Institute Study)
(DOE, The Hill, 12/5/2013))