U.S. Liquefied Natural Gas Exports
By Gwynne Taraska | November 5, 2013
U.S. LNG exports: Current state and new directions
In 2012, the United States was a net importer of natural gas. It imported a total of 3,135 Bcf and exported a total of 1,619 Bcf.....
The landscape of LNG exports is changing. Given the shale gas expansion in the lower 48 states and given that some of the largest markets for LNG are currently non-FTA regions such as Japan and Europe, U.S. energy companies and non-FTA countries are seeking long-term contracts for considerable volumes. Cheniere Energy, for example, which is the company behind the LNG terminal under construction at Sabine Pass, has signed 20-year contracts with companies such as Spain’s Gas Natural Fenosa, the United Kingdom’s Centrica, and India’s GAIL Limited.
Again, DOE has approved more than 6.37 Bcf per day, or 2,325 Bcf per year, in exports to non-FTA countries, and the United States is expected to be a net exporter by 2020.
Now that CHKR has declined notably, I'm adding shares, in part because of the ongoing increases in natgas exports. Excerpt:
U.S. approves additional natgas exports from Freeport LNG
Fri Nov 15, 2013 6:12pm EST
Nov 15 (Reuters) - The U.S. Department of Energy said on Friday it conditionally approved more exports of liquefied natural gas from Freeport LNG in Texas, a move that could lead to increased shipments of the fuel in coming years.
The approval is the fifth by the U.S. government since 2011 to countries with which it does not have a free trade agreement.
I never thought I would read about the Outer Banks in a message board for an MLP. ...I used to live in Kitty Hawk, and oddly enough, I recall getting to know both "solid" and shaky people from Ocracoke to Corolla. This was long before the Tea Party, though.