U.S. Could Approve Further LNG Exports Each Year, Bernstein Says

U.S. approval each year of 1.5 billion to 2 billion cubic feet a day of liquefied natural gas export capacity would be “palatable” for consumers, according to analysts at Sanford C. Bernstein & Co.

“We believe this level represents an amount of shale gas production growth that can be achieved with a reasonable, but not too high, price signal,” analysts including Bob Brackett said in a report published today. “If prices rise too fast or too severely, we believe U.S. energy policy makers will quickly hit the brakes and stall further capacity expansions.”