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Cheniere Energy, Inc. Message Board

  • mktplyr517 mktplyr517 Nov 28, 2012 4:58 PM Flag

    KMP in LNG export business??????

    A new business for Kinder is liquefied natural gas. With the El Paso deal came two liquefied natural gas terminals in Elba Island, Ga. and Pascagoula, Miss. They were built for LNG imports, but Kinder is reconfiguring them and has already received permits to export LNG. Producers will jump at the chance to ship gas to the likes of Japan and Korea, where it can fetch upwards of $12 per thousand cubic feet. You can buy the same amount of gas in Louisiana today for $3.70, a tasty spread.

    But will what’s good for Kinder Morgan be good for America? If all the proposed LNG projects get done it would give the U.S. the ability to export 20 billion cubic feet of gas per day, or about a third of current supplies. This could cause U.S. prices to skyrocket. Some politicians, like Representative Ed Markey (D-Mass.), want to block LNG exports altogether, insisting U.S. gas would better serve America if it remains at home to keep prices low.

    full article at Forbes... go to KMP yahoo news... story titled "Richard Kinders energy Knindom" dated 11/21

    KMP will beat LNG to the punch... and Exxon has several partnerships with the Kinder companies

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