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Cheniere Energy wins approval to export liquefied natural gas


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Transport Vessel

It has happened as predicted: A subsidiary of Cheniere Energy Inc. (LNG) has finally won approval last Friday from U.S. regulators for unimpeded international export of liquefied natural gas from its Louisiana terminal in Sabine Pass, La.

The US is set to be the largest exporter of natural gas, and Cheniere will be at the forefront of this industry, with permission to sell to any country who wants to buy. Cheniere proposes to be up and running in 2015. 

SmartTrend: “Our long-term economic strength depends on safely and responsibly harnessing America’s domestic energy resources while developing new and innovative clean energy technologies,” said U.S. Energy Secretary Steven Chu in a statement. “This project reflects a broad, ‘all of the above’ approach that will put Americans to work producing the energy the world needs.”

Trades on the AMEX: Symbol LNG

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17 U.S.C. §512 compliance: click here to read Ken’s column at the Examiner

Ken LaRive is retired from the oil patch. Ken divides his time with grandchildren, writing, photography and Country French Antiques; all passions of the heart.

He now resides with his wife Maddy in Lafayette, Louisiana and can be reached by email for comment and breaking news stories at klarive@cox.net

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Posted by on Jul 1 2011. Filed under Breaking, Business, News Summary. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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