U.S. firms could not make a profit on the export of natural gas to Asia and Europe because of increasing production costs and transportation costs.

Question

Quizplus · Accepted Answer

The statement is incorrect. U.S. firms have been profitable in exporting natural gas to Asia and Europe, even with transportation costs factored in. The expansion of natural gas production, along with the development of liquefied natural gas (LNG) terminals and tanker ships, have made exports economically viable.

US Firms Could Not Make a Profit on the Export