A few years ago, energy experts agreed that the US would need to import liquefied natural gas (LNG) to compensate for the rise in domestic consumption countered with stagnating supply levels. However, thanks to advances in fracking, we were able to tap into large reserves of gas trapped in shale rock. The US could now turn into a net exporter with this abundant supply. Since no such stagnation occurred, LNG importers are trying to decide if they should retrofit their terminals for exporting instead. But what will that do to domestic gas prices? To foreign energy relations?
The Washington Post has the story here.