America's Energy Advantage Statement on DOE Approval of Dominion Cove Point LNG Export Application

 America's Energy Advantage Statement on DOE Approval of Dominion Cove Point
                            LNG Export Application

PR Newswire

WASHINGTON, Sept. 11, 2013

WASHINGTON, Sept. 11, 2013 /PRNewswire/ --America's Energy Advantage today
issued this statement in response to DOE's conditional approval of the
Dominion Cove Point LNG Export Application.

Statement of Jennifer Diggins, Director, Public Affairs for Nucor Corporation
and Chair of AEA:

"This decision raises the risk of increased consumer prices and utility bills
and could limit the prospects for a sustained manufacturing renewal in
America. The Obama Administration needs to define for stakeholders and
energy consumers how this and any future grant approvals meet the required
public interest test. DOE has conceded in previous applications that the
market for natural gas of the future very likely will not resemble the market
of today, so it is important we understand what data will be used to consider
future applications."

"We are now approaching a volume of LNG exports that many experts project will
impact price and volatility for natural gas. We're increasingly concerned
with the process and data DOE is using to justify more exports of American
natural gas to our global competitors. DOE is making decisions that could
have far-reaching and potentially irreversible impacts on our economy and
American manufacturing based on 30-year-old guidelines for natural gas
imports, not exports. No matter where one stands on this issue, surely we can
agree that exports and imports are different, and that DOE needs to make rules
based on the 21st century, not the 1980s."

"Because of all this uncertainty and because so much is at stake, DOE should
immediately undertake a review of the cumulative impacts of its decisions up
to this point, and clearly articulate in advance its criteria for determining
the public interest under the law." 

About America's Energy Advantage

America's Energy Advantage, Inc. is a 501(c)(6) not for profit organization
that is dedicated to educating the American public about the growth in
American manufacturing that has been made possible by our country's abundant
and affordable supply of natural gas.

SOURCE America’s Energy Advantage

Contact: press@americasenergyadvantage.org
 
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