U.S. natural gas production to new highs

DOE said the Freeport project will bring substantial economic benefits, but this is a new high of U.S. natural gas production brought shock effect of the "true portrayal."
In recent years, the U.S. oil and gas production increase is an indisputable fact. 16, 2011,Unconventional gas the U.S. Federal Energy Regulatory Commission issued a monthly report, in 2012 the U.S. natural gas production increased by 5% over last year, reaching a new historical point; daily demand for natural gas reached 70 billion cubic feet, but also the highest level since records began. Meanwhile, last year's U.S. natural gas prices fell nearly 10 years to the lowest point, the average spot price of natural gas per million British thermal units $ 2.74, compared with 2011 decreased by 31%.
The face of increasing production, the majority of the natural gas producers hope the U.S. government to release LNG exports. But there are also companies that the government should restrict exports,ceramic ball Dow Chemical (DOW) is one of them. The company believes that LNG exports will cause a large number of domestic natural gas prices. But DOW Freeport project approved by the Government for the welcome. DOW Vice President George Biletezi said the United States should export LNG, but we must grasp the scale, do not affect the domestic market. "The DOE's move commendable, both the Government to promote the release of LNG export intentions, but also to maintain the usual strict."
Environmental groups for DOE approval of new LNG export project protest. Sierra Club environmental group said more LNG export project through the approval will accelerate the pace of development of U.S. natural gas. "Anti-gas movement" promoter Deborah · Nathan said: "This means more use of hydraulic fracturing, more air and water pollution,frac sand as well as bring more environmental problems."