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Ukraine developments prompt calls for more U.S. gas exports

Mar. 06, 2014 4:55 AM ETUNG, FCG, GAZ-OLD, UNL, NAGS, GASL, GASX, DCNG, BOIL, KOLD, UGAZF, DGAZFBy: Yigal Grayeff, SA News Editor7 Comments
  • The crisis in Ukraine has sparked renewed calls among Republicans and energy-state Democrats for an easing of restrictions on natural-gas exports.
  • While there are those in the West who would like to hit Russia hard with sanctions, the problem is that Europe relies on the country for 30% of its gas. The figure is 70% in Ukraine, which is also a key energy route.
  • Increasing U.S. gas exports could reduce that reliance and give the West a freer hand in dealing with Russia, particularly in the long term.
  • "I would certainly welcome consultation in terms of how to go forward," Energy Secretary Ernest Moniz said yesterday.
  • ETFs: UNG, DGAZ, UGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, GASX, NAGS, DCNG

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