ExxonMobil's Pryor defends LNG exports

To protect their newly advantaged cost position, some US chemical producers are inviting government intervention into the natural gas market, but they are making a mistake, said Stephen Pryor, president of ExxonMobil Chemical. Pryor made the remarks in a speech delivered Tuesday at IHS CERA Week 2013, an energy industry conference held in Houston.  “There have been calls by a few in industry and government to restrict the export of liquefied natural gas [(LNG)], based on perceived risks to the economy,” he said. “These opponents of...

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