US exports of LNG to Asia are more likely to be determined by overseas market dynamics than by US government policies, witnesses told a US House Foreign Affairs Committee subcommittee on May 29. The observations came as the US Department of Energy proposed giving priority in its national interest determinations to LNG export proposals that already meet National Environmental Policy act requirements ( OGJ Online, May 29, 2014 ). “I think there’s a prevailing view in the industry that LNG prices in Asia will come down to around $13[/MMbtu} and domestic gas prices will rise to around $6. That would make exports close to a wash for US producers,” Mikkal E. Herberg, research director in the National Bureau of Asian Research’s Energy Security Program, told the committee’s Asia and the Pacific Subcommittee. Jane Nakano, a fellow in the Center for Strategic and International Studies’ Energy and National Security […]