HOUSTON, Sept 17 (Reuters) - U.S. Vice President Kamala
Harris understands that natural gas prices will rise if fracking
is banned, industry executives said on Tuesday, explaining their
confidence the Democratic candidate will not ban the production
method if she becomes president.
Fracking, a major industry in battleground state
Pennsylvania, has become a big issue in the presidential
campaign. Harris opposed fracking as a U.S. senator from
California, but now she says she would not ban it on federal
lands as president.
"I think she is changing her views," Baker Hughes ( BKR ) oil field
services Chief Executive Officer Lorenzo Simonelli said on the
sidelines of the GasTech conference in Houston, when asked about
Harris.
Harris's Republican rival, former President Donald Trump,
supports fracking and says he believes Harris would seek to ban
it.
The head of the largest U.S. liquefied natural gas (LNG)
exporter in a separate conversation at GasTech said Harris had
to pivot to being more open to fracking, because natural gas
prices would be much higher without it.
Cheniere Energy CEO Jack Fusco, whose Sabine Pass
facility in Louisiana is the largest U.S. LNG export plant, said
he trusts Harris's support of fracking unless proven otherwise
and wants cooler heads to prevail on the energy transition
debate.
Woodside CEO Meg O'Neill, whose Australian energy
company is buying U.S. LNG plant developer Tellurian,
voiced the same rationale.
"If you stop fracking in the U.S., it will be devastating
for the economy," O'Neill said, adding Harris may not have
understood that when she opposed fracking.
"I suspect the statements she made earlier were made without
full understanding of the benefit and potential consequences,"
O'Neill said.
Harris is locked in a tight race with Trump, and both are
campaigning hard in Pennsylvania, one of the nation's largest
producers of natural gas.
Several executives at the conference also called on the
Biden administration to make it easier for U.S. companies to
export LNG. The White House in January paused new LNG permits to
consider the environmental impact.
"You gotta stop this crazy LNG pause from going forward,"
said ConocoPhillips ( COP ) CEO Ryan Lance. A debate over
whether one is pro or against fracking "is not the right
question", he added.