Nat Gas News – August 17 2017

Nat Gas News – August 17 2017

Trump Push for Natural Gas Exports Opposed by Manufacturers

Bloomberg reports: President Donald Trump’s effort to boost U.S. energy is facing push back from manufacturers who say exporting more natural gas may undercut his “America First” jobs focus. The Industrial Energy Consumers of America asked the administration Wednesday for a moratorium on U.S. approvals for liquefied natural gas projects. The trade association, which represents U.S. manufacturers that depend on cheap energy to fuel their factories, sent a letter to Energy Secretary Rick Perry Wednesday. It’s “inconsistent with President Trump’s fair trade and America-first policy,” Paul N. Cicio, the group’s president, said in a phone interview. “It’s a stunningly breathtaking amount of natural gas that could be exported.” The dispute between oil and gas companies and manufacturers is but one among business groups over Trump’s agenda. For more visit bloomberg.com or click https://bloom.bg/2v2AayN

U.S. Natural Gas Market Sees Big Benefits From Nafta

Bloomberg reports: As Congress begins to examine the North American Free Trade Agreement at the behest of President Donald Trump, lawmakers need to ensure that nothing they decide disrupts one of the more relevant industries in the pact: energy — in particular, natural gas. U.S. producers need Mexico, their largest customer. More than a quarter of Mexico’s electricity is powered by U.S. natural gas, leaving it vulnerable in a trade battle. Trade disputes mean U.S. producers would suffer a serious loss of income, while Mexico would face an energy shortage that could wreak havoc on its economy, drive up crime and potentially create a new refugee crisis. In many ways, Trump’s support of the U.S. energy sector conflicts with his desire to see the 23-year-old agreement revamped or even ended. For more visit bloomberg.com or click the following link https://bloom.bg/2v2MMG7