Reuters: Regulatory News: UPDATE 1-Obama administration not opposed to LNG exports

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UPDATE 1-Obama administration not opposed to LNG exports May 14th 2012, 17:43 Mon May 14, 2012 1:43pm EDT WASHINGTON May 14 (Reuters) - The Obama administration is not opposed to exports of liquefied natural gas, but will allow its analysis of the effects of sending gas abroad to guide decisions on gas export projects, a White House official said on Monday. The Energy Department, which must approve gas exports to all but a handful of countries, has said it will hold off on allowing any more exports until a study it commissioned on the economic effects of sending gas abroad is completed later this summer. "We want analysis to drive the decisions," Heather Zichal, deputy assistant to the president for energy and climate change, said at an event on shale gas energy sponsored by the American Petroleum Institute. "As a general rule of thumb we are certainly not opposed LNG exports," she added. Bolstered by massive expansion in U.S. natural gas reserves, companies such as Dominion, Sempra Energy and Southern Co are now lining up to get permission to send natural gas to foreign countries. Some lawmakers and manufacturers have raised concerns that allowing gas exports could raise gas prices for consumers and industry, however. "Our goal here is to make sure we're producing this, but also protecting American consumers and making sure we're sending right signal to industry and manufacturing sector," Zichal said.

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