Bloomberg News

Eastman Chemical CEO Urges 'Careful' Gas Export Policy

February 20, 2013

The U.S. needs to be careful that exports of liquefied natural gas are in the national interest and don’t threaten the country’s cheap gas prices, Eastman Chemical Co. (EMN:US) Chief Executive Officer Jim Rogers said.

“We love exports,” Rogers said today on Bloomberg Television’s “Surveillance” with Tom Keene and Sara Eisen. “What we want to be careful, though, is that we don’t give away some natural advantage that the U.S. has.”

Rogers has restarted mothballed factories in Longview, Texas, as new drilling techniques boost production from shale formations, cutting prices for natural gas liquids used to make ethylene and related plastics. Dow Chemical Co. has said unfettered gas exports would increase manufacturing costs and jeopardize U.S. manufacturing investments.

“There will be some exports of LNG, but we should be careful to make sure it’s in the national interest when we approve additional exports,” Rogers said.

Eastman, based in Kingsport, Tennessee, and Dow are members of America’s Energy Advantage, which advocates cheap natural gas to stimulate U.S. manufacturing.

To contact the reporter on this story: Jack Kaskey in Houston at jkaskey@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net


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Companies Mentioned

  • EMN
    (Eastman Chemical Co)
    • $84.81 USD
    • 0.18
    • 0.21%
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