Congress to hold hearings on LNG exports

|By:, SA News Editor

House and Senate energy committees are due to hold hearings today over whether the U.S. should ease the restrictions on the export of liquefied natural gas.

The issue has received heightened attention due to the Ukraine crisis, as increased exports would help Europe cut its reliance on Russian gas.

One proposal would allow any country in the WTO to buy gas without U.S. government approval, a measure that would do away with almost all reviews.

However, opponents, which include Dow Chemical (DOW), argue that increasing exports would raise domestic prices.

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