October 01, 2012

The U.S. Race to Export LNG

Hong N. Huynh

The world’s thirst for cheap energy and new domestic supplies of natural gas could enhance the United States’ position as a competitor in the energy export markets. And efforts taken to satisfy this thirst could arguably be a component in reviving the American economy. The recent rapid rise in the supply of natural gas in the United States is due mainly to the more widespread use of hydraulic fracturing technology, which allows for more efficient extraction of gas from shale. This gas can then be converted to liquid form through a cooling and compression process. Liquefied natural gas (LNG) can be stored and shipped more efficiently.

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