Energy Department approves expanded LNG exports
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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Since: Sep 11
#1 May 17, 2013
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.
#2 May 17, 2013
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
#3 May 19, 2013
And the ruin of our grandchildren. Profit isn't everything.
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