Trump Administration’s Push for Gas Exports Faces Market Glut
Posted on May 1, 2017
By: Clifford Krauss, The New York Times
HOUSTON — The Trump administration is moving to make the United States the world’s leading exporter of natural gas as a central component of both energy and trade policy.
But whether global markets, currently awash with gas, will play along remains a long shot over the next several years. Any breakdown of talks to remodel the North American Free Trade Agreement, which set the regulatory framework that allowed gas exports to Mexico to triple over the last six years, could also get in the way.
The administration’s ambitions were explained emphatically last month by Gary D. Cohn, director of the National Economic Council, and they were followed up by the Energy Department’s authorization last Tuesday for a Texas export terminal that Exxon Mobil and Qatar Petroleum have pursued for years. Other administration plans include opening the way for more gas exports from Oregon to serve Asia…
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