Friday, 10 July 2020

What are the benefits or consequences involved with liquefying natural gas in order to export gas acquired from the Marcellus and Utica shales?

What are the benefits or consequences involved with liquefying  natural gas in order to export gas acquired from the Marcellus and Utica  shales?
Environmental Benefits of LNG. Natural gas is the cleanest  burning fossil fuel and the increased use of natural gas can  significantly improve local air quality and public heath as well as  reduce carbon dioxide (CO2) emissions.The push for exports makes sense  for producers who have become the victims of their own success. U.S.  Natural gas prices have plummeted in recent years due to increased  production in gas plays like the Marcellus Shale. The price  of natural gas in the U.S. now hovers around $3.50 per million British  thermal units. But in Europe that same amount of gas fetches more than  $10. So exports would help producers by reducing domestic supply and  increasing prices. The report, conducted for the DOE by the economic  consulting firm NERA, says exports make sense as long as  there’s a glut of natural gas with low production costs in the U.S. and a  high demand overseas. The study concludes that new LNG export terminals  would result in just slight increases in the price of natural gas. The  consequences of liquefying natural gas is air pollution. Cleaner burning  than other fossil fuels, the combustion of natural gas produces  negligible amounts of sulfur, mercury, and particulates. Burning natural  gas does produce nitrogen oxides (NOx), which are precursors to smog,  but at lower levels than gasoline and diesel used for motor vehicles.

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