US told: import more gas

US Federal Reserve chairman Alan Greenspan has said that to avoid the recent volatile energy prices faced by US businesses, the country needed greater access to overseas gas reserves and to increase its importing capacity.
US told: import more gas US told: import more gas US told: import more gas US told: import more gas US told: import more gas

Greenspan, addressing the Senate Committee on Energy and Natural Resources, said spiking natural gas prices had already impacted on some gas consumers, especially ammonia producers and petrochemical feedstock operations.

"If North American natural gas markets are to function with the flexibility exhibited by oil, unlimited access to the vast world reserves of gas is required," it was reported by the Bloomberg news service.

There are currently a number of new LNG importing facilities in varying stages of planning and construction on the mainland US.

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