What Will LNG Exports Cost You?

In the following video, Motley Fool energy analysts Joel South and Taylor Muckerman discuss the Obama administration's recent approval of a second facility in the U.S. for exporting liquefied natural gas to non-free-trade countries, the Freeport LNG facility, which is 50% owned by ConocoPhillips (NYSE: COP  ) . Increasing the amount that natural gas producers are able to export overseas is expected to drive natural gas prices upward across the board, which will affect consumers. Just how much will this push up your energy bills at home? Joel gives us some estimates.

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Read/Post Comments (5) | Recommend This Article (3)

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  • Report this Comment On May 26, 2013, at 1:24 PM, toomuchgas wrote:

    LNG export will only help. Supply is unlimited if the price is high enough. Lots of gas is shut in because of low prices.

  • Report this Comment On May 26, 2013, at 3:19 PM, freedomwriter wrote:

    Exporting energy and jobs will soon bring us to third world status. So will worshiping profit over people.

    A free global market when their are countries of prosperity and countries that lack will only ever benefit the top 1% and giant corps. Before we know it the whole world is on equal footing. Third world footing.

    And the American dream becomes their dream. The dream of electricity, running water, and stable housing.

  • Report this Comment On May 26, 2013, at 4:00 PM, NOTvuffett wrote:

    Why should a company exporting a legal product have to ask the government for permission to export it as long as it is not going to a country with a trade embargo on it?

    These are good paying jobs for Americans. These are also mostly American corporations with mostly American investors. Most of the world pays double what we pay for nat. gas. Good profits could be had.

    Any exports would only account for a small fraction of US production. I think it is unreasonable to assume that exports would materially affect domestic nat. gas prices.

  • Report this Comment On May 26, 2013, at 4:12 PM, Kingfisher65 wrote:

    NOTvuffett...You must either work in or profit from oil and gas, Of course the ability to export unlimited natural gas will raise the price in the U.S no matter how much of it is here.

    If you have noticed how Gasoline prices are off the scale compared to historical price based on crude oil prices, that is because now we export gasoline straight out of refineries like we never have in the past, and until those other countries can refine enough for themselves that will not change.

  • Report this Comment On May 27, 2013, at 12:53 PM, kthor wrote:

    hopefully this would create American Taxpayers jobs not the ones that are here in America for illegal reasons

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