Energy Department approves expanded LNG exports

May 17, 2013 | Posted by: Mr_Bill | Full story: www.washingtonpost.com

The Energy Department gave a terminal near Freeport, Tex., permission Friday to ship liquefied natural gas to Japan, providing a new outlet for rising U.S. production of shale gas despite qualms of environmentalists and many domestic manufacturers.

The permit marks another step in the sudden reversal of fortune in the natural gas business. Less than five years ago, anticipating a worsening shortfall in domestic supplies of natural gas, the Freeport terminal on Quintana Island began operations as an import facility.

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May 17, 2013
 

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It's been so cold for so long that natural gas prices are still rising even though we are well into spring, ManBearPig is getting angry.
Lance Winslow

San Jose, CA

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May 17, 2013
 

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BandMaster wrote:
It's been so cold for so long that natural gas prices are still rising even though we are well into spring, ManBearPig is getting angry.
The glut in natural gas has producers capping wells and curtailing fracking. Today's approval to ship LNG overseas is a godsend to the industry to prop prices domestically.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

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May 19, 2013
 
Lance Winslow wrote:
<quoted text>The glut in natural gas has producers capping wells and curtailing fracking. Today's approval to ship LNG overseas is a godsend to the industry to prop prices domestically.
And the ruin of our grandchildren. Profit isn't everything.

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