Energy chief Granholm warns against 'unfettered exports' of liquefied natural gas
Energy Secretary Jennifer Granholm says the incoming Trump administration should proceed cautiously as it considers proposals for new natural gas export terminals
WASHINGTON (AP) — The United States should proceed cautiously as officials consider new natural gas export terminals, Energy Secretary Jennifer Granholm said Tuesday, warning the incoming Trump administration that “unfettered exports" of liquefied natural gas, or LNG, could drive up domestic prices and increase planet-warming greenhouse gas emissions.
Granholm's statement came as the Energy Department released a long-awaited study on the environmental and economic impacts of natural gas exports, which have grown exponentially in the past decade. The analysis found that U.S. LNG shipments drive up domestic wholesale prices and frequently displace renewable energy sources such as wind and solar power.
Increased LNG exports also would lead to higher global greenhouse gas emissions, even with use of newly developed equipment to capture and store carbon emissions, the report said.
“Unfettered exports of LNG would increase wholesale domestic natural gas prices by over 30%,'' costing American households an additional $100 a year by 2050, Granholm said
