There are easier Nat.Gas plays to take out, if you are so inclined to think someone wants into a marginal business like E&P NG ... think UPL, it is more likely a target, you will need to see an export cataylist to bring this sector to life (and more than just LNG)
BP just signed a deal to export U.S. gas from the Freeport terminal in Texas, joining Royal Dutch Shell Plc, Exxon Mobil Corp. and Total SA in the race to ship burgeoning North American production overseas.
BP’s 20-year contract is for 4.4 MM tons a year, the same size as earlier agreements with Osaka Gas Co. and Chubu Electric Power Co. of Japan to start supplies from 2017 from the plant’s first unit, Freeport said in a statement. The liquefaction tolling agreement with BP will commence upon completion of Freeport LNG’s second production unit.
Also agree with you that UPL is a good target but it is farther from the export terminals. However, UPL produces both NG and CO2. If it looks into DME rather than LNG would be more attractive. DME is selling about $1300 to $1500/ton in China comparing to about $700/ton in the US. It's a preferred fuel because it is burn cleaner. It also has many other uses such as more environmental friendlier hair sprays.