ACC Supports US LNG Exports

ACC Remains Neutral on US LNG Exports

The American Chemistry Council said it supports exports of American-made products, including liquefied natural gas (LNG).

The group on Wednesday released a statement on U.S. liquefied natural gas exports, energy and competitiveness.

“The American Chemistry Council’s Executive Committee reaffirmed unanimously on Tuesday that there is a critical need for the United States to implement a market-oriented “all of the above” energy strategy. This strategy must fully develop all domestic energy resources; enable growth of our economy and of America’s manufacturing base including the chemical industry; and ensure that ill-conceived regulations do not oversubscribe any one energy source. Public policies should promote the availability of competitively priced natural gas and feedstock to support the continued growth of the chemical industry in the United States.

“The Executive Committee unanimously expressed its opposition to any new export bans or restrictions on liquefied natural gas such as a moratorium on export terminals or the prohibition on the export of natural gas produced on public lands. The Executive Committee also reaffirmed its support for free-market policies that promote the export of American-made goods, including the export of liquefied natural gas.

“Where there is not a clear consensus among the membership is on the question of whether the Natural Gas Act’s “public interest” requirement should be further defined in export permitting to non-FTA countries. The Executive Committee agreed to establish a senior level committee to further discuss this issue and determine if a consensus can be reached. This new committee is also chartered with monitoring and discussing energy-related issues that could affect the competitive position of our industry in the future, such as infrastructure development and access to energy resources.

“We are proud of the role that ACC has played in educating policymakers and the public about the historic opportunity that shale gas—and other energy sources such as improved efficiency and energy recovery—present for the U.S. economy, consumers, workers, and manufacturers as well as for the security of our nation. ACC members will continue to work together to vigorously advocate for energy and related regulatory policies at both the federal and state levels that will ensure the availability of abundant energy supplies, including natural gas, and the reliability and stability of energy markets now and in the future.”

ACC POLICY ON ENERGY AND COMPETITIVENESS

ACC supports public policies that promote the availability of competitively priced natural gas and feedstock to support the continued growth of the chemical industry in the United States. To that end, ACC supports free trade principles in the context of U.S. energy policy. Natural gas has enormous potential to renew and grow the American chemistry industry, the entire domestic manufacturing sector, and the U.S. economy at large, creating jobs and more exports of manufactured goods. America needs to couple rules-based free trade principles with an “all of the above” energy strategy to ensure we are fully developing our domestic energy resources, including natural gas, and taking full advantage of each energy source to promote sustained economic growth.

ELEMENTS OF ACC POLICY ON ENERGY AND COMPETITIVENESS

ACC supports a market-based “all of the above” national energy policy anchored in maximizing access to competitively priced domestic energy supplies, using energy efficiently and developing a diverse set of energy sources.

An abundant, competitively priced and reliable supply of natural gas and natural gas liquids (NGLs) has created a manufacturing renaissance in the United States. ACC supports policies that promote our industry’s competitive advantage, such as public policies and positions that encourage the responsible production of natural gas and NGLs.

As America’s largest export industry, ACC supports exports of American-made products, including liquefied natural gas (LNG).

ACC supports the application of existing trade rules (including WTO commitments and bilateral Free Trade Agreements) to all exports, including LNG.

Consistent with U.S. trade laws, ACC opposes imposition of any new LNG export bans or restrictions, such as those that would impose a moratorium on export terminals or prohibit exports of gas produced on public land. ACC supports full compliance with the Natural Gas Act in the issuance of LNG export permits, including the presumption that exports to Free Trade Agreement countries are in the public interest.

There is a lack of clear consensus among ACC members concerning whether the Natural Gas Act’s “public interest” requirement should be further defined in export permitting for non-FTA countries. ACC therefore will further study this issue and ways to achieve consensus.

ACC will also continue to monitor the U.S. energy situation, including natural gas supply/demand scenarios, and their implications for global competitiveness of the industry.

LNG World News Staff, February 07, 2013

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