HOUSTON, Sept 17 (Reuters) - U.S. Vice President Kamala
Harris understands natural gas prices will rise if fracking is
banned, industry executives said on Tuesday, explaining their
confidence that 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.
A spokesperson for Harris said she would not ban fracking,
and referred to her comments in a recent debate where she said:
"I was the tie-breaking vote on the Inflation Reduction Act,
which opened new leases for fracking. My position is that we
have got to invest in diverse sources of energy so we reduce our
reliance on foreign oil."
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. "I suspect the statements she
made earlier were made without full understanding of the benefit
and potential consequences."
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.