The role of the natural gas industry in energy production has grown as its product is increasingly seen as a viable and cleaner alternative to oil and gasoline. Companies within this industry transport natural gas from oil fields to utility companies through pipeline systems.
In recent months, energy companies have pushed the Environmental Protection Agency to lift export restrictions on liquefied natural gas. As the quantity of natural gas in the United States is high relative to the rest of the world, LNG prices are higher abroad. Top industry donors such as the American Gas Association and Spectra Energy want exports to include NATO countries so they can reap higher profits. Chemical companies are opposed to widening exports, fearing that the domestic price will rise and force them to cut back their own production. [Read more Background]
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