November 2004

Trends and Resources

HP Impact: HPImpact: LNG resources 'loom as critical' for future of US manufacturing

The growing cost of energy is one of a host of current challenges facing US manufacturers, but the ability to expand imports of liquefied natural gas (LNG) at reasonable cost could help rebuild the gl..

Weirauch, Wendy, Hydrocarbon Processing Staff

The growing cost of energy is one of a host of current challenges facing US manufacturers, but the ability to expand imports of liquefied natural gas (LNG) at reasonable cost could help rebuild the global competitiveness of the sector, according to a new report. The report, from the Manufacturers Alliance/ MAPI, finds that without new sources of natural gas supply, the price of this crucial energy resource is almost certain to climb steeply. "This will weaken the competitive position of the heavily energy-dependent manufacturing sector and lead to more losses of good jobs and high value-added production in the US," says Thomas J. Duesterberg, President and Chief Executive Offi

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