US to start exporting energy!

It’s hard to believe but true. The US will export a fossil fuel! One wonders why they haven’t done more to convert their transportation sector to natural gas.

The US has 10 LNG import terminals and two under construction, yet the boom in gas from shale rock means the import plants are all but redundant.

“US import terminals for LNG sit virtually empty and the prospect of the US becoming even more dependent on foreign imports has receded, with terminal owners now petitioning the US government for export licences,’’ the institute says in a report.

Cheniere Energy, which has one underused import terminal and had planned to build two more, has been the first to obtain permission to export gas from the US.

The company is in the process of obtaining permits to build a liquefication terminal to make that possible.

Source:http://www.ft.com/cms/s/0/6be97200-d22f-11df-8fbe-00144feabdc0.html

Advertisements
This entry was posted in Energy. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s