"Expanded U.S. liquefied natural gas exports would mean a modest price increase for domestic consumers, but those higher costs would be outweighed by a boost to the economy, the U.S. Energy Information Administration said on Wednesday.
Residential natural gas prices would likely be 5 percent higher than otherwise would be the case between 2015 and 2040 if U.S. LNG exports rose to 20 billion cubic feet per day, said the EIA report.
Growth of LNG exports would be supported mainly by more shale gas production, according to the report, which was commissioned by the U.S. Energy Department."
Ayesha Rascoe reports for Reuters October 29, 2014.
Source: Reuters, 10/30/2014
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