Breitling Oil and Gas Morning Podcast #85 June 6th, 2012

Consideration of licenses to export natural gas from the U.S. will have to wait until at least the third quarter, when a study is completed after a delay of several months, according to the Energy Department.

Since Cheniere Energy received a department permit to ship gas from Louisiana last year, the agency suspended other applications and commissioned a study of the impact of exports on domestic energy consumption, production and prices.

“The second part of the study, which will assess the broader economic effects of increased natural gas exports will be released late Summer.

The assessments were initiated after complaints from several U.S. lawmakers, including Rep. Markey, a Massachusetts Democrat, and Senator Wyden, an Oregon Democrat, who said sales overseas might increase prices at home.

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