CLNG: U.S. Federal Government Should Not Restrict LNG Production
July 18, 2008 // Published as a news service by IHS
|
According to EIA, worldwide demand for natural gas will increase by 52% from 2005 to 2030.
LNG is natural gas cooled to its liquid form. LNG is non-toxic, odorless and clean burning.
Natural gas is a highly attractive choice for electricity generation because of its efficiency and clean burning qualities, said CLNG.
Just one LNG facility in the Boston Harbor receives enough natural gas to generate electricity for 1.5 million homes with less carbon emissions than other available fossil fuels.
"Increased worldwide demand for clean burning natural gas will no doubt increase global demand for LNG," said Bill Cooper, CLNG president.
"If the U.S. expects those supplies to help meet our growing demand for natural gas, the federal government must ensure that we can compete for those supplies."
According to CLNG, the U.S. has existing natural gas reserves in many areas but current federal restrictions prevent that natural gas from being produced and the energy industry must look elsewhere to meet the needs of consumers. LNG is the most viable answer to meeting that demand.
Despite restrictive government policies, the U.S. will continue to require large amounts of natural gas to fuel its industrial and power generation needs. According CLNG, LNG is an environmentally sound and efficient answer to America's rising demand for this clean fuel.